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Brown Cafe UPS Forum
UPS Union Issues
Is it true New England is raising the retiree age to 60?
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<blockquote data-quote="finaddict" data-source="post: 3982779" data-attributes="member: 6415"><p>TJC 83 along with others, screwed their membership over. This was set up late 80's with a 25 and out at $2500 or 30 and out $3500. At the time those retirements equaled from 80% to 100% of what top wage at the time paid. So, we had guys retiring at 50, give or take, and pulling that pension for as long or longer than was paid into it. Basically making what they did working. Yeah, that's looking out for future members. Ponzi scheme if ever there was one.</p></blockquote><p></p>
[QUOTE="finaddict, post: 3982779, member: 6415"] TJC 83 along with others, screwed their membership over. This was set up late 80's with a 25 and out at $2500 or 30 and out $3500. At the time those retirements equaled from 80% to 100% of what top wage at the time paid. So, we had guys retiring at 50, give or take, and pulling that pension for as long or longer than was paid into it. Basically making what they did working. Yeah, that's looking out for future members. Ponzi scheme if ever there was one. [/QUOTE]
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Is it true New England is raising the retiree age to 60?
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