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Brown Cafe UPS Forum
UPS Retirement Topics
May 10th Announcement .Pension
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<blockquote data-quote="Cezanne" data-source="post: 195158" data-attributes="member: 5104"><p>You guys are not quite getting it, if the plan is well over 100 percent vested why is the company continuing to put in a half a billion dollars annually, they can technically quit contributing at any time. Just how much monetary contributions is required to provide for it's management employees and to what extent. The Health and Welfare benefit plan is a separate account and has no bearing on the retirement plan, presuming it is as well funded as it's pension counterpart. If it was hurting financially as most of the teamster plans currently I could see them eliminating the fund, but right now I fail to see the reasoning behind it. For all those vested in the UPS Retirement Plan, need not to worry, start studying the ERISA laws and see how well your benefits are protected even if they eliminate or change the plan's benefit formula. How much this has to do with the current teamster negotiations I guess we have to wait and see.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 195158, member: 5104"] You guys are not quite getting it, if the plan is well over 100 percent vested why is the company continuing to put in a half a billion dollars annually, they can technically quit contributing at any time. Just how much monetary contributions is required to provide for it's management employees and to what extent. The Health and Welfare benefit plan is a separate account and has no bearing on the retirement plan, presuming it is as well funded as it's pension counterpart. If it was hurting financially as most of the teamster plans currently I could see them eliminating the fund, but right now I fail to see the reasoning behind it. For all those vested in the UPS Retirement Plan, need not to worry, start studying the ERISA laws and see how well your benefits are protected even if they eliminate or change the plan's benefit formula. How much this has to do with the current teamster negotiations I guess we have to wait and see. [/QUOTE]
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May 10th Announcement .Pension
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