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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="DELACROIX" data-source="post: 3983247" data-attributes="member: 49065"><p>The ultimate goal for both the Teamsters and UPS is to force people to retire close to 65 or over when we would be eligible for medicare, reducing the Health and Welfare costs associated with our retirees.</p><p></p><p>In the Central currently once you reach age 65 the CSPF has to offset your early retirement package reducing the burden on the IBT/UPS plan (a non-contributary plan). That is why those UPS members in the Central States will NEVER be able to collect the monetary benefits for the same amount of years that the Western Conference (a monetary contributory plan) enjoys. Another catch 22 with the Central is that Article 34 (Master) language relating to the creation of the IBT/UPS plan back in 2007 is in the Master and Central, so even if the Central manages to vote down their supplement over their pension differences the rest of the country can still pass it with the Master.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3983247, member: 49065"] The ultimate goal for both the Teamsters and UPS is to force people to retire close to 65 or over when we would be eligible for medicare, reducing the Health and Welfare costs associated with our retirees. In the Central currently once you reach age 65 the CSPF has to offset your early retirement package reducing the burden on the IBT/UPS plan (a non-contributary plan). That is why those UPS members in the Central States will NEVER be able to collect the monetary benefits for the same amount of years that the Western Conference (a monetary contributory plan) enjoys. Another catch 22 with the Central is that Article 34 (Master) language relating to the creation of the IBT/UPS plan back in 2007 is in the Master and Central, so even if the Central manages to vote down their supplement over their pension differences the rest of the country can still pass it with the Master. [/QUOTE]
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Is it true New England is raising the retiree age to 60?
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