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Brown Cafe UPS Forum
UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="nospinzone" data-source="post: 199012" data-attributes="member: 1335"><p>Re: "Beyond Repair" . . . Really???</p><p></p><p>Jon, it will really improve the exchange of ideas here if you and our other participants READ the words I'm typing and READ the sources that I am providing. When I initially mentioned PBGC benefits, I made the statement.... As a participant in a multi-employer plan, if CS folds we would only get around $1200 per month at best. But if we move to a single employer plan, that security increases to $4,000 a month. The source I provided then qualifies the retirement situation that I quoted you. Page 3, paragraph 1. PLEASE READ.</p><p></p><p>When you go to the benefit charts page, which at the top in large print says Maximum monthly guarantee tables, provided by the PBGC on their website, the benefits are listed by age. Their is also another link on their site which better defines limitations on benefits. PLEASE READ.</p><p></p><p>I have not exaggerated numbers in my posts. In each post, I have provided sources which offer more detail than what I can type. I expect you to READ these sources to have a complete understanding of the subjects we're discussing.</p><p></p><p>But what really confuses me is why the PBGC insurance is such a big issue here. When you compare the maximum benefits that a retiree could receive if they were in a multiemployer or single-employer plan, the single-employer retiree would receive almost 3 times more! Again, Page3 paragraph 1. And again, the Teamsters, who manage funds that are 63% funded, do not have projected PBGC benefits on their websites.</p><p></p><p>You people have been kept in the dark so long with the Teamsters, that you've forgotten how to flip on the light switch for yourselves.</p></blockquote><p></p>
[QUOTE="nospinzone, post: 199012, member: 1335"] Re: "Beyond Repair" . . . Really??? Jon, it will really improve the exchange of ideas here if you and our other participants READ the words I'm typing and READ the sources that I am providing. When I initially mentioned PBGC benefits, I made the statement.... As a participant in a multi-employer plan, if CS folds we would only get around $1200 per month at best. But if we move to a single employer plan, that security increases to $4,000 a month. The source I provided then qualifies the retirement situation that I quoted you. Page 3, paragraph 1. PLEASE READ. When you go to the benefit charts page, which at the top in large print says Maximum monthly guarantee tables, provided by the PBGC on their website, the benefits are listed by age. Their is also another link on their site which better defines limitations on benefits. PLEASE READ. I have not exaggerated numbers in my posts. In each post, I have provided sources which offer more detail than what I can type. I expect you to READ these sources to have a complete understanding of the subjects we're discussing. But what really confuses me is why the PBGC insurance is such a big issue here. When you compare the maximum benefits that a retiree could receive if they were in a multiemployer or single-employer plan, the single-employer retiree would receive almost 3 times more! Again, Page3 paragraph 1. And again, the Teamsters, who manage funds that are 63% funded, do not have projected PBGC benefits on their websites. You people have been kept in the dark so long with the Teamsters, that you've forgotten how to flip on the light switch for yourselves. [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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