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Brown Cafe UPS Forum
UPS Union Issues
Oz vs Vairma
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<blockquote data-quote="DELACROIX" data-source="post: 4959393" data-attributes="member: 49065"><p>The big difference between a “Monetary Contribution Pension Plan” and a “Defined Pension Plan” is that it increases benefits according to it’s investment returns and individual monetary contributions.</p><p></p><p>A “Defined Pension Plan” only pays what is negotiated, it never changes or improves.</p><p></p><p>The Western Conferences’ pension plans are being fueled by the individual monetary contributions listed in Article 34, whereas those under the IBT/ UPS and the UPS Pension Plan for part timers are not.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4959393, member: 49065"] The big difference between a “Monetary Contribution Pension Plan” and a “Defined Pension Plan” is that it increases benefits according to it’s investment returns and individual monetary contributions. A “Defined Pension Plan” only pays what is negotiated, it never changes or improves. The Western Conferences’ pension plans are being fueled by the individual monetary contributions listed in Article 34, whereas those under the IBT/ UPS and the UPS Pension Plan for part timers are not. [/QUOTE]
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