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UPS Retirement Topics
Re Employment within a local.
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<blockquote data-quote="Fullhouse" data-source="post: 2492214" data-attributes="member: 9653"><p>Well we beat them in the Election of Officers and they are not Happy! I don't think they would even give me an answer! Anyhow we will take office in 2017 and with 33 years in, I thought that I would look into the possibility of retiring instead of taking a leave of absence from UPS and then go to work for the local. </p><p> Word is, hall cut a deal with the UPS pension plan that would essentially give them, full time local employees that were on a leave of absence prior to 2008, the same deal as all full time employees that were pulled out of the CS plan and placed into the UPS/IBT plan. Yes, UPS would pay their retirement if CS goes under and they (UPS) would pay their (local union full time employees, retirement up to age 65. </p><p> Apparently this deal does not apply to anyone who began working for the Local after 2008. Those individuals will fall under Central States but the time accrued from then on will not be supported by UPS even if you go back to work at UPS. So without being able to gain more pension credit with UPS without directly working for them. I figured,since I have so much time in why put off retirement if I don't have to!</p></blockquote><p></p>
[QUOTE="Fullhouse, post: 2492214, member: 9653"] Well we beat them in the Election of Officers and they are not Happy! I don't think they would even give me an answer! Anyhow we will take office in 2017 and with 33 years in, I thought that I would look into the possibility of retiring instead of taking a leave of absence from UPS and then go to work for the local. Word is, hall cut a deal with the UPS pension plan that would essentially give them, full time local employees that were on a leave of absence prior to 2008, the same deal as all full time employees that were pulled out of the CS plan and placed into the UPS/IBT plan. Yes, UPS would pay their retirement if CS goes under and they (UPS) would pay their (local union full time employees, retirement up to age 65. Apparently this deal does not apply to anyone who began working for the Local after 2008. Those individuals will fall under Central States but the time accrued from then on will not be supported by UPS even if you go back to work at UPS. So without being able to gain more pension credit with UPS without directly working for them. I figured,since I have so much time in why put off retirement if I don't have to! [/QUOTE]
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