Turning 65- Moving from Teamster/UPS Pension to Central States Pension

Discussion in 'UPS Retirement Topics' started by Retired 2016, Oct 29, 2018.

  1. Retired 2016

    Retired 2016 New Member

    I am turning 65 in December and part of my pension will be paid by Central States instead of the entire pension being paid by the Teamster/UPS Pension plan.

    I receive a letter from Central States indicating the my pension will be reduced by an additional $24 because the joint survivor benefit costs more with Central States than it did with UPS/Teamster Plan.

    Two Questions:
    Has anyone else experienced this reduction?
    Did your transition from UPS/Teamster to Central States go smoothly?

    DELACROIX In the Spirit of Honore' Daumier

    I am guessing that the IBT/UPS portion of your total pension benefit would increase 24 dollars to cover the offset.