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More gloom and doom..CS is tanking
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<blockquote data-quote="slackadjuster" data-source="post: 1626943" data-attributes="member: 49068"><p>My opinion only ... Anything can be negotiated and/or changed. Pensions are generally drafted and meant for lifetimes. The offset language should be considered a condition taken on permanently by UPS for allowance & withdrawing from the CS multi employer plan. </p><p></p><p>UPS/IBT single employer plan is funded and has no need to negatively impact current or future retirees; I would imagine even if they make up the CS offset at members 65th birthday. If the offset language was in the UPS/IBT pension plan one retired under, why should it be negotiable for this person in the future? Does one get any increased benefits negotiated in the future? Nope! Not withstanding the contract, my take is one is covered by the pension plan in effect when one retired.</p></blockquote><p></p>
[QUOTE="slackadjuster, post: 1626943, member: 49068"] My opinion only ... Anything can be negotiated and/or changed. Pensions are generally drafted and meant for lifetimes. The offset language should be considered a condition taken on permanently by UPS for allowance & withdrawing from the CS multi employer plan. UPS/IBT single employer plan is funded and has no need to negatively impact current or future retirees; I would imagine even if they make up the CS offset at members 65th birthday. If the offset language was in the UPS/IBT pension plan one retired under, why should it be negotiable for this person in the future? Does one get any increased benefits negotiated in the future? Nope! Not withstanding the contract, my take is one is covered by the pension plan in effect when one retired. [/QUOTE]
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