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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement...contract talks
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<blockquote data-quote="oldngray" data-source="post: 2177863" data-attributes="member: 45230"><p>More recent retirees receive more from their pensions than some of the older retirees. It is a defined benefit plan where the amount you get when you retire won't increase with later contracts. Its also not supposed to decrease which is what is now happening.</p><p></p><p>The pensions were definitely bumped up a bit in the last contract and those raises are NOT retroactive.</p></blockquote><p></p>
[QUOTE="oldngray, post: 2177863, member: 45230"] More recent retirees receive more from their pensions than some of the older retirees. It is a defined benefit plan where the amount you get when you retire won't increase with later contracts. Its also not supposed to decrease which is what is now happening. The pensions were definitely bumped up a bit in the last contract and those raises are NOT retroactive. [/QUOTE]
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