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Brown Cafe UPS Forum
UPS Retirement Topics
reduced pension benefit
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<blockquote data-quote="hseofpayne" data-source="post: 328111"><p>Sorry to hear that. I guess the saying about something being to good to be true , well it's true. The pessimist in me has always doubted our pensions were to good to be true, wanted to see one of those checks before I would believe it. I,as many others probably did, was very skeptical when reading the proposal for a combined UPS/CS pension. The proposal said UPS would to make up any difference if CS couldn't pay, but I am sure there was some fine print in there. I think about the Delta pilots who lost their pensions when Delta went bankrupt and now Delta is buying Northwest!! I don't think they should be able to spend a dime until they reinstated the pensions. I just pray this doesn't happen to us.</p></blockquote><p></p>
[QUOTE="hseofpayne, post: 328111"] Sorry to hear that. I guess the saying about something being to good to be true , well it's true. The pessimist in me has always doubted our pensions were to good to be true, wanted to see one of those checks before I would believe it. I,as many others probably did, was very skeptical when reading the proposal for a combined UPS/CS pension. The proposal said UPS would to make up any difference if CS couldn't pay, but I am sure there was some fine print in there. I think about the Delta pilots who lost their pensions when Delta went bankrupt and now Delta is buying Northwest!! I don't think they should be able to spend a dime until they reinstated the pensions. I just pray this doesn't happen to us. [/QUOTE]
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