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Brown Cafe UPS Forum
UPS Partners
The Enhanced Pension Plan, Coming Soon to a Mailbox Near You
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<blockquote data-quote="constructively dissatisfi" data-source="post: 1121952" data-attributes="member: 6988"><p>It wouldn't be surprising at all to see them do something to reduce the company's exposure to uncontrollable future pension costs. It sucks, no doubt about it. But all big companies either have already gone through this or are in the process now. I'll hold off on forming an opinion until there are details from an official source. Keep in mind that even if they cap pensions, your monthly benefit still increases if you work longer. This is true even if the company stops making new contributions to your pension plan. By working longer, the same amount of money you've got in your pension bucket is divided by a smaller number of years they think you'll live. I'd be very surprised if the cap was on your monthly benefit. That would REALLY suck.</p></blockquote><p></p>
[QUOTE="constructively dissatisfi, post: 1121952, member: 6988"] It wouldn't be surprising at all to see them do something to reduce the company's exposure to uncontrollable future pension costs. It sucks, no doubt about it. But all big companies either have already gone through this or are in the process now. I'll hold off on forming an opinion until there are details from an official source. Keep in mind that even if they cap pensions, your monthly benefit still increases if you work longer. This is true even if the company stops making new contributions to your pension plan. By working longer, the same amount of money you've got in your pension bucket is divided by a smaller number of years they think you'll live. I'd be very surprised if the cap was on your monthly benefit. That would REALLY suck. [/QUOTE]
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The Enhanced Pension Plan, Coming Soon to a Mailbox Near You
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