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Brown Cafe UPS Forum
UPS Retirement Topics
Turning 65- Moving from Teamster/UPS Pension to Central States Pension
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<blockquote data-quote="Retired 2016" data-source="post: 3802594" data-attributes="member: 4579"><p>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.</p><p></p><p>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.</p><p></p><p>Two Questions:</p><p>Has anyone else experienced this reduction?</p><p>Did your transition from UPS/Teamster to Central States go smoothly?</p></blockquote><p></p>
[QUOTE="Retired 2016, post: 3802594, member: 4579"] 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? [/QUOTE]
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Turning 65- Moving from Teamster/UPS Pension to Central States Pension
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