rod
Retired 23 years
I retired from UPS as a feeder driver with 34 years of service in August 2008. I have the CD that was sent out by the IBT to all of us in the Central states region describing the proposed changes to the pension plan prior to voting on the supplement. The CD mentions in three separate places the UPS guarantee. It states, that , when a retiree reaches age 65, if for any reason Central States can not fulfill part or all of their portion of the retirement UPS will make up the difference. I talked to the retirement dept in Atlanta and all I got was that the language is still in force about UPS making up the reduction for retirees who retired after Jan 1,2008 but UPS is not making any statements as to what they will do until they see what Central states does. So , until we get any more info, it's a waiting game with a lot of speculations as usual.
In the end they will both figure out a way to screw us.