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Brown Cafe UPS Forum
UPS Retirement Topics
REFORM PLAN FOR Central States Pension Plan
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<blockquote data-quote="reydluap" data-source="post: 1874537" data-attributes="member: 1583"><p>Mug,</p><p></p><p> We agree, UPS pays it's pension for life. We agree, CSPF pays "a" pension for life. And even what you typed, "says that it will not include any reduction in the offset starting at age 65 regarding your pension" agrees with what I'm stating. NOT INCLUDE ANY REDUCTION IN THE OFSET.</p><p></p><p>This is how you are confused, UPS at the time of our retirement is paying ALL of the pension liabilities. When you reach age 65, the offset a.k.a. CSPF will start paying there portion. And at this time, we are getting letters stating what the pension cuts from the CSPF plan are POSSIBLY going to amount to (final outcome amount is yet to be decided).</p><p></p><p>I'll have you read this for a forth time, the contract reads: If the benefit paid from the CS Plan is reduced as permitted or REQUIRED BY LAW, the amount of such reduction shall NOT be included in this offset.</p><p></p><p>Once again, at the time of this pension split, UPS IS PAYING OUR FULL BENIFIT, not CSPF.</p><p></p><p></p><p> If CSPF was now paying our benefits and UPS was then joined into the wording at age 65, then your interpretation would be valid.</p><p></p><p> I see it as you are the one confused. I backed my statements on the facts presented and used your own quote to validate my point. I rest my point. I'm prepared for my retirement in full with or without a pension.</p></blockquote><p></p>
[QUOTE="reydluap, post: 1874537, member: 1583"] Mug, We agree, UPS pays it's pension for life. We agree, CSPF pays "a" pension for life. And even what you typed, "says that it will not include any reduction in the offset starting at age 65 regarding your pension" agrees with what I'm stating. NOT INCLUDE ANY REDUCTION IN THE OFSET. This is how you are confused, UPS at the time of our retirement is paying ALL of the pension liabilities. When you reach age 65, the offset a.k.a. CSPF will start paying there portion. And at this time, we are getting letters stating what the pension cuts from the CSPF plan are POSSIBLY going to amount to (final outcome amount is yet to be decided). I'll have you read this for a forth time, the contract reads: If the benefit paid from the CS Plan is reduced as permitted or REQUIRED BY LAW, the amount of such reduction shall NOT be included in this offset. Once again, at the time of this pension split, UPS IS PAYING OUR FULL BENIFIT, not CSPF. If CSPF was now paying our benefits and UPS was then joined into the wording at age 65, then your interpretation would be valid. I see it as you are the one confused. I backed my statements on the facts presented and used your own quote to validate my point. I rest my point. I'm prepared for my retirement in full with or without a pension. [/QUOTE]
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REFORM PLAN FOR Central States Pension Plan
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