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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Protection Act
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<blockquote data-quote="sawman" data-source="post: 54344"><p>UPS79, </p><p> </p><p>I don't know right off hand what the Chicago funds lump sum pay out is, but it is my understanding that they get a one time lump sum at retirement and then draw there monthly retirement check. This is great for them! My point is, if there fund can give this type of retirement pay out on what UPS is putting into there fund, Don't you think that all UPs retirees should be able to draw that kind of retirement, since UPS is paying in the same for all of us? </p><p> </p><p>From what I have read about this new bill, it will give companies and retirement funds relief, and stick it to the participants.</p></blockquote><p></p>
[QUOTE="sawman, post: 54344"] UPS79, I don't know right off hand what the Chicago funds lump sum pay out is, but it is my understanding that they get a one time lump sum at retirement and then draw there monthly retirement check. This is great for them! My point is, if there fund can give this type of retirement pay out on what UPS is putting into there fund, Don't you think that all UPs retirees should be able to draw that kind of retirement, since UPS is paying in the same for all of us? From what I have read about this new bill, it will give companies and retirement funds relief, and stick it to the participants. [/QUOTE]
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