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More gloom and doom..CS is tanking
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<blockquote data-quote="Mugarolla" data-source="post: 1613475" data-attributes="member: 8481"><p>Not hateful. Just flabbergasted.</p><p></p><p>Removing words from a contract alters the language.</p><p></p><p>Here is why it was put in there. At age 65, UPS gets to offset, reduce the amount they pay you, the amount accrued in the CS plan prior to 2008.</p><p></p><p>If the language about reducing the CS pension by law was not in there, UPS would not have to match any reduction. While the wording is confusing to some, the reduction shall not be included in the offset, it means that UPS pays you any amount that CS reduces their portion.</p><p></p><p>You continue to receive your full pension no matter how much or how little CS cuts your pension.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1613475, member: 8481"] Not hateful. Just flabbergasted. Removing words from a contract alters the language. Here is why it was put in there. At age 65, UPS gets to offset, reduce the amount they pay you, the amount accrued in the CS plan prior to 2008. If the language about reducing the CS pension by law was not in there, UPS would not have to match any reduction. While the wording is confusing to some, the reduction shall not be included in the offset, it means that UPS pays you any amount that CS reduces their portion. You continue to receive your full pension no matter how much or how little CS cuts your pension. [/QUOTE]
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