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Brown Cafe UPS Forum
UPS Union Issues
How does educational transfer work?
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<blockquote data-quote="BigUnionGuy" data-source="post: 4094167" data-attributes="member: 4992"><p>They are 2 separate pension plans, but it's addressed in the contract.</p><p></p><p></p><p></p><p></p><p></p><p>There would have to be some sort contractual acknowledgment, recognizing the</p><p></p><p>combined years of service. Even as it stands now, unless you are at what the plan</p><p></p><p>determines as "normal retirement age" you would take a 6% rededuction</p><p></p><p>(per year) from each of the plans.</p><p></p><p></p><p></p><p></p><p></p><p>Don't worry.... you're safe.</p><p></p><p><img src="/community/styles/default/xenforo/smilies/group1/biggrin.gif" class="smilie" loading="lazy" alt=":biggrin:" title="Biggrin :biggrin:" data-shortname=":biggrin:" /></p><p></p><p>The only people in Central States that have to be concerned, are UPS members</p><p></p><p>that retired before 2008 and non-UPS participants.</p><p></p><p></p><p></p><p>-Bug-</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 4094167, member: 4992"] They are 2 separate pension plans, but it's addressed in the contract. There would have to be some sort contractual acknowledgment, recognizing the combined years of service. Even as it stands now, unless you are at what the plan determines as "normal retirement age" you would take a 6% rededuction (per year) from each of the plans. Don't worry.... you're safe. :biggrin: The only people in Central States that have to be concerned, are UPS members that retired before 2008 and non-UPS participants. -Bug- [/QUOTE]
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