Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
tentative contract now online
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="18wheelbrownie" data-source="post: 252746" data-attributes="member: 5398"><p>does this mean we still have to work till 62 with a 6% penatly,</p><p></p><p></p><p></p><p>( (2) The benefit formula for current or future full-time employees who are participants in the </p><p>UPS/IBT Plan will be as set forth below for each year of future service (hours worked in Covered </p><p>Employment on or after the effective date) up to a maximum of thirty (35) years of Credited </p><p>Service (such limitation is only applicable to service pensions). This benefit is unreduced if </p><p>payable at Normal Retirement Age (age 65) and 5 years of vesting service or at age 62 with 20 </p><p>years of Credited Service. Benefit payments may begin as early as Early Retirement Age (age 50 </p><p>with five years of vesting service) and are reduced 6% per year for each year and partial year </p><p>prior to Normal Retirement Age. There shall be no reduction or change in the level of benefits </p><p>described herein unless negotiated and agreed to by the Union. ) </p><p></p><p></p><p></p><p>i have 20 plus years, you are still giving me 3000. amonth with no cola?</p><p>thats the same as 97, this is 2007.where is the improvement? and whats to say the company wants to make cuts on the pension some wheres down the road and the new ups/ibt panel agrees with it ? just like they did to 804?<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /></p></blockquote><p></p>
[QUOTE="18wheelbrownie, post: 252746, member: 5398"] does this mean we still have to work till 62 with a 6% penatly, ( (2) The benefit formula for current or future full-time employees who are participants in the UPS/IBT Plan will be as set forth below for each year of future service (hours worked in Covered Employment on or after the effective date) up to a maximum of thirty (35) years of Credited Service (such limitation is only applicable to service pensions). This benefit is unreduced if payable at Normal Retirement Age (age 65) and 5 years of vesting service or at age 62 with 20 years of Credited Service. Benefit payments may begin as early as Early Retirement Age (age 50 with five years of vesting service) and are reduced 6% per year for each year and partial year prior to Normal Retirement Age. There shall be no reduction or change in the level of benefits described herein unless negotiated and agreed to by the Union. ) i have 20 plus years, you are still giving me 3000. amonth with no cola? thats the same as 97, this is 2007.where is the improvement? and whats to say the company wants to make cuts on the pension some wheres down the road and the new ups/ibt panel agrees with it ? just like they did to 804?:w00t: [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
tentative contract now online
Top