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 Discussions
The strike that was
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="outta hours" data-source="post: 329701" data-attributes="member: 4568"><p>I received a letter from Central States on Friday stating that under new governmental policies that they must inform me that the pension plan has fallen into critical status or the so called "red zone" as far as funding the plan. It listed benefits that may have to be reduced or eliminated and they are:</p><p></p><p>Post Retirement Death Benefit</p><p>60 month payment guarantees</p><p>Disability Benefits</p><p>Early retirment or retirment-type subsidy</p><p>Benefit payment options other than a qualified joint-and survivor annuity (QJSA)</p><p></p><p> The last sentence was the sweetest to me and it read as follows:</p><p>If your contributing employer as of 01/01/2008 was UPS your benefits were transferred to the new UPS-IBT pension plan and will be paid by that plan.</p><p></p><p>I am so happy to be out of that Central States mess. As a 23 year employee with 7 years to go, this is great news for me and my family. Thank you UPS</p></blockquote><p></p>
[QUOTE="outta hours, post: 329701, member: 4568"] I received a letter from Central States on Friday stating that under new governmental policies that they must inform me that the pension plan has fallen into critical status or the so called "red zone" as far as funding the plan. It listed benefits that may have to be reduced or eliminated and they are: Post Retirement Death Benefit 60 month payment guarantees Disability Benefits Early retirment or retirment-type subsidy Benefit payment options other than a qualified joint-and survivor annuity (QJSA) The last sentence was the sweetest to me and it read as follows: If your contributing employer as of 01/01/2008 was UPS your benefits were transferred to the new UPS-IBT pension plan and will be paid by that plan. I am so happy to be out of that Central States mess. As a 23 year employee with 7 years to go, this is great news for me and my family. Thank you UPS [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
The strike that was
Top