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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Cezanne" data-source="post: 232889" data-attributes="member: 5104"><p>Truth is that these "new hires" in the Central States area are all part timers and therefore covered under the company (UPS Pension Plan). Absolutely no monetary pension contributions are being payed for the first few years of their employment. If they are the minority that are lucky enough to get vested (five years), those funds are controlled by the company collecting interest till the employee reaches the required retirement age of 65. A part timer who is bless enough to collect a full pension are rarer than hen's teeth, in other words the plan is doing very, very well. The information about active and retired vested participants in the UPS Pension Plan would be on plan's annual Form 5500, which I believe that JonFrum and anybody willing to do a little research can obtain. <img src="/community/styles/default/xenforo/smilies/group1/cool.gif" class="smilie" loading="lazy" alt=":cool:" title="Cool :cool:" data-shortname=":cool:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 232889, member: 5104"] Truth is that these "new hires" in the Central States area are all part timers and therefore covered under the company (UPS Pension Plan). Absolutely no monetary pension contributions are being payed for the first few years of their employment. If they are the minority that are lucky enough to get vested (five years), those funds are controlled by the company collecting interest till the employee reaches the required retirement age of 65. A part timer who is bless enough to collect a full pension are rarer than hen's teeth, in other words the plan is doing very, very well. The information about active and retired vested participants in the UPS Pension Plan would be on plan's annual Form 5500, which I believe that JonFrum and anybody willing to do a little research can obtain. :cool: [/QUOTE]
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Is Central States pension fund ready to go under?
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