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Brown Cafe UPS Forum
UPS Union Issues
NOT the Best Contract Ever
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<blockquote data-quote="homer123" data-source="post: 249617" data-attributes="member: 11818"><p>I just want to make sure my understanding if the retirement process when UPS takes the pension is correct. (This is the way the BA explained it to me before the agreement actually happened.) If Joe Driver has worked 20 years in 2008 and then retires 10 years later, he would get two pension checks. One from CSPF for 2/3 of what he is entitled (barring any future restructuring) and one from UPS for 1/3 for what he is entitled from their plan. With the exception of very recent hires, everyone has a vested interest in the future of CSPF. Has anyone read or heard anything to the contrary?</p></blockquote><p></p>
[QUOTE="homer123, post: 249617, member: 11818"] I just want to make sure my understanding if the retirement process when UPS takes the pension is correct. (This is the way the BA explained it to me before the agreement actually happened.) If Joe Driver has worked 20 years in 2008 and then retires 10 years later, he would get two pension checks. One from CSPF for 2/3 of what he is entitled (barring any future restructuring) and one from UPS for 1/3 for what he is entitled from their plan. With the exception of very recent hires, everyone has a vested interest in the future of CSPF. Has anyone read or heard anything to the contrary? [/QUOTE]
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NOT the Best Contract Ever
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