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Brown Cafe UPS Forum
UPS Retirement Topics
The truth about the new UPS/IBT pension plan
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<blockquote data-quote="Bill" data-source="post: 265709" data-attributes="member: 5483"><p>UPS is not guaranteeing anything after age 65, only the years that you work after January 1, 2008. This plan only benefits UPS. For the older employee who has most of his years vested in CS, what happens when he reaches 65, and CS defaults. Only a small portion of the pension comes from UPS, which will be a few hundred dollars. For the new employee who starts now, his entire pension will come from UPS, is guaranteed, but the drawback is that in 30 years, what will $3000 be worth? Please read my thread on "the truth about the new UPS/IBT pension plan".</p></blockquote><p></p>
[QUOTE="Bill, post: 265709, member: 5483"] UPS is not guaranteeing anything after age 65, only the years that you work after January 1, 2008. This plan only benefits UPS. For the older employee who has most of his years vested in CS, what happens when he reaches 65, and CS defaults. Only a small portion of the pension comes from UPS, which will be a few hundred dollars. For the new employee who starts now, his entire pension will come from UPS, is guaranteed, but the drawback is that in 30 years, what will $3000 be worth? Please read my thread on "the truth about the new UPS/IBT pension plan". [/QUOTE]
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The truth about the new UPS/IBT pension plan
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