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Pension funded roll call? What is your pension funded percentage % 2022/2023
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<blockquote data-quote="DELACROIX" data-source="post: 5575771" data-attributes="member: 49065"><p>The Western’s pension trusts should continue to improve even in a recession. It is a <strong>Multi Employee Monetary Contribution Plan..</strong>that means that weekly the employers have to contribute over 500 a week for every full time member and a little less if they are part time. Once you retire <strong>All</strong> your service years <strong>(part time and full time) </strong>are counted under one pension formula unlike the Central and Southern’s, which is divided between two separate plans. The Company controlled <strong>UPS Pension Plan </strong>for part time service past and current and the <strong>IBT/UPS Plan </strong>reserved for all your full time years.</p><p></p><p>Another factor for the Western is that they continued to add new members from other fields. The strike in <strong>“97” </strong>prevented the West coast pensions from looking like the current <strong>IBT/UPS Pension Plan, which pays about 1/2 of what the Western enjoys</strong> for the same amount of service years and age.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5575771, member: 49065"] The Western’s pension trusts should continue to improve even in a recession. It is a [B]Multi Employee Monetary Contribution Plan..[/B]that means that weekly the employers have to contribute over 500 a week for every full time member and a little less if they are part time. Once you retire [B]All[/B] your service years [B](part time and full time) [/B]are counted under one pension formula unlike the Central and Southern’s, which is divided between two separate plans. The Company controlled [B]UPS Pension Plan [/B]for part time service past and current and the [B]IBT/UPS Plan [/B]reserved for all your full time years. Another factor for the Western is that they continued to add new members from other fields. The strike in [B]“97” [/B]prevented the West coast pensions from looking like the current [B]IBT/UPS Pension Plan, which pays about 1/2 of what the Western enjoys[/B] for the same amount of service years and age. [/QUOTE]
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Pension funded roll call? What is your pension funded percentage % 2022/2023
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