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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement monthly statement
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<blockquote data-quote="DELACROIX" data-source="post: 4363687" data-attributes="member: 49065"><p>You will still get the same amount..Under the IBT/UPS Pension provisions when a retiree turns 65 your Central States vested benefit kicks in...and the IBT/UPS plan reduces.</p><p></p><p>So you will still receive 3 checks instead of two now:</p><p></p><p>a. Your part time years under the UPS Pension Plan.</p><p></p><p>b. Your vested time under the Central States Plan.</p><p></p><p>c. Your vested time under the IBT/UPS Plan.</p><p></p><p>Your part time years are locked in and will not improve. Try to get (Summary Plan Descriptions) on each one of these three retirement plans it will help you understand.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4363687, member: 49065"] You will still get the same amount..Under the IBT/UPS Pension provisions when a retiree turns 65 your Central States vested benefit kicks in...and the IBT/UPS plan reduces. So you will still receive 3 checks instead of two now: a. Your part time years under the UPS Pension Plan. b. Your vested time under the Central States Plan. c. Your vested time under the IBT/UPS Plan. Your part time years are locked in and will not improve. Try to get (Summary Plan Descriptions) on each one of these three retirement plans it will help you understand. [/QUOTE]
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