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UPS Retirement Topics
Part Time Pension Statement
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<blockquote data-quote="tardus" data-source="post: 805209" data-attributes="member: 18896"><p>Here is the applicable Federal requirements for pension reporting: Title 29, Chapter 18, Subchapter 1, Subtitle B, Part 1, Section 1022 (a) "A summary plan description of any employee benefit plan shall be furnished to participants and beneficiaries," and this summary plan, "shall be sufficiently accurate and comprehensive to reasonably apprise such participants and beneficiaries of their rights and obligations under the plan." Section 1002 (b) further states that, "The administrator shall furnish to each participant, and each beneficiary receiving benefits under the plan, every fifth year after the plan becomes subject to this part an updated summary plan description described in section 1022 of this title which integrates all plan amendments made within such five-year period..."</p></blockquote><p></p>
[QUOTE="tardus, post: 805209, member: 18896"] Here is the applicable Federal requirements for pension reporting: Title 29, Chapter 18, Subchapter 1, Subtitle B, Part 1, Section 1022 (a) "A summary plan description of any employee benefit plan shall be furnished to participants and beneficiaries," and this summary plan, "shall be sufficiently accurate and comprehensive to reasonably apprise such participants and beneficiaries of their rights and obligations under the plan." Section 1002 (b) further states that, "The administrator shall furnish to each participant, and each beneficiary receiving benefits under the plan, every fifth year after the plan becomes subject to this part an updated summary plan description described in section 1022 of this title which integrates all plan amendments made within such five-year period..." [/QUOTE]
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