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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: 1876538" data-attributes="member: 55299"><p>Everyone in CSPF got a letter that stated the proposed cuts. Those after 2008 were shown what UPS will make up, until they are no longer legally obligated to.</p><p></p><p>Point being, the pre 2008 retirees had a guarantee, too, until the law changed. They would get their full pension until the fund went broke, then the Feds would step in until that Fed fund was broke. I will be getting less than the Fed guarantee under the current proposal. The monies UPS <s>bribed</s> paid to the CSPF did not go exclusively to UPS retirees. UPS offered a <s>bribe </s>payoff and CS gladly took it.</p><p></p><p>Post 2008 retirees are protected, for now. Laws change, if you can afford to have them changed.</p></blockquote><p></p>
[QUOTE="Sportello, post: 1876538, member: 55299"] Everyone in CSPF got a letter that stated the proposed cuts. Those after 2008 were shown what UPS will make up, until they are no longer legally obligated to. Point being, the pre 2008 retirees had a guarantee, too, until the law changed. They would get their full pension until the fund went broke, then the Feds would step in until that Fed fund was broke. I will be getting less than the Fed guarantee under the current proposal. The monies UPS [S]bribed[/S] paid to the CSPF did not go exclusively to UPS retirees. UPS offered a [S]bribe [/S]payoff and CS gladly took it. Post 2008 retirees are protected, for now. Laws change, if you can afford to have them changed. [/QUOTE]
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REFORM PLAN FOR Central States Pension Plan
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