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UPS Retirement Topics
Pension security
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<blockquote data-quote="Mugarolla" data-source="post: 4123145" data-attributes="member: 8481"><p>I don't know.</p><p></p><p>It looks like they withdrew from the multi-employer pension and then entered a single employer pension, within NETTI.</p><p></p><p>New England Supplement</p><p></p><p>Article 69</p><p></p><p>5. The Union and UPS acknowledge and agree that UPS shall cease to have an obligation to contribute to and completely withdraw from the NETTI as of September 16, 2012 at 11:59:00 and as set forth in the Withdrawal Agreement, and shall reenter the NETTI and have a new obligation to contribute to the NETTI as of September 17, 2012 as set forth herein and in accordance with the Reentry Agreement.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 4123145, member: 8481"] I don't know. It looks like they withdrew from the multi-employer pension and then entered a single employer pension, within NETTI. New England Supplement Article 69 5. The Union and UPS acknowledge and agree that UPS shall cease to have an obligation to contribute to and completely withdraw from the NETTI as of September 16, 2012 at 11:59:00 and as set forth in the Withdrawal Agreement, and shall reenter the NETTI and have a new obligation to contribute to the NETTI as of September 17, 2012 as set forth herein and in accordance with the Reentry Agreement. [/QUOTE]
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