Pension Plan

Discussion in 'UPS Discussions' started by gdoggy, Sep 18, 2011.

  1. gdoggy

    gdoggy New Member

    Once you are vested in the the pension plan ,are you 100% guaranteed those benefits you have accrued or can you lose them through being terminated.
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Once you are vested in the plan you are guaranteed to receive a pension at your normal retirement age; however, the amount is not guaranteed. Should the pension fund default it would be taken over by the PBGC and you would receive a drastically reduced pension.