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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="Sportello" data-source="post: 1876486" data-attributes="member: 55299"><p>Gotcha.</p><p></p><p>Those who retired after 2008 got a letter as well. I don't have a copy of that. I was told that their CS portion would be cut but UPS will make up the difference, until which time they are no liable legally required to. Those who retired after 2008 will be made whole by UPS unless contract language or law changes in the future. It likely will. </p><p></p><p>I have no idea how many pre 2008 UPS retirees are affected, but the ones I do know are have their pensions cut at least by half, and some substantially more, depending on work history, age, date of retirement, etc. The retirees I know are all under 75, over 75 are exempt.</p></blockquote><p></p>
[QUOTE="Sportello, post: 1876486, member: 55299"] Gotcha. Those who retired after 2008 got a letter as well. I don't have a copy of that. I was told that their CS portion would be cut but UPS will make up the difference, until which time they are no liable legally required to. Those who retired after 2008 will be made whole by UPS unless contract language or law changes in the future. It likely will. I have no idea how many pre 2008 UPS retirees are affected, but the ones I do know are have their pensions cut at least by half, and some substantially more, depending on work history, age, date of retirement, etc. The retirees I know are all under 75, over 75 are exempt. [/QUOTE]
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