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Brown Cafe UPS Forum
UPS Union Issues
New England Fund Plan Changes
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<blockquote data-quote="my2cents" data-source="post: 57319"><p>Participants in the New England Fund have just received a <a href="http://nettipf.com/pdf_files/notice7152005.pdf" target="_blank">summary of plan changes</a>. The minimum retirement age has been raised to age 57 and contributing employers will be required to pay an annual 5% "maintenance of benefits" increase. Benefit accrural levels will also be frozen. It appears the Pension Protection Act is already taking hold in New England.</p></blockquote><p></p>
[QUOTE="my2cents, post: 57319"] Participants in the New England Fund have just received a [URL='http://nettipf.com/pdf_files/notice7152005.pdf']summary of plan changes[/URL]. The minimum retirement age has been raised to age 57 and contributing employers will be required to pay an annual 5% "maintenance of benefits" increase. Benefit accrural levels will also be frozen. It appears the Pension Protection Act is already taking hold in New England. [/QUOTE]
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