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More gloom and doom..CS is tanking
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<blockquote data-quote="Cowboy26aa" data-source="post: 1606747" data-attributes="member: 57999"><p>Page 206 of the Teamsters Central Region and UNITED PARCEL SERVICE Supplemental Agreement to the NATIONAL MASTER UNITED PARCEL SERVICE AGREEMENT.</p><p></p><p>"The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset."</p><p></p><p>I take it as the offset is the amount that Central States pays when we get 65.</p></blockquote><p></p>
[QUOTE="Cowboy26aa, post: 1606747, member: 57999"] Page 206 of the Teamsters Central Region and UNITED PARCEL SERVICE Supplemental Agreement to the NATIONAL MASTER UNITED PARCEL SERVICE AGREEMENT. "The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset." I take it as the offset is the amount that Central States pays when we get 65. [/QUOTE]
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