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UPS Retirement Topics
when to retire?
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<blockquote data-quote="Ms.PacMan" data-source="post: 2599020" data-attributes="member: 4656"><p>Took me awhile to find the law....thanks for the nudge. This part of the ERISA law is for plans in critical status and the remedies within a recovery plan.</p><p></p><p><a href="https://www.law.cornell.edu/uscode/text/29/1085" target="_blank">29 U.S. Code § 1085 - Additional funding rules for multiemployer plans in endangered status or critical status</a></p><p></p><p>[ATTACH=full]115112[/ATTACH]</p><p></p><p>please note the word AND. It does need to be in the CBA (contrary to what I thought) but it cannot be removed by either UPS or the Teamsters until the original fund that's in critical status (CS), exits the recovery plan and is healthy enough to pay the benefits from the employees service credit in that fund.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 2599020, member: 4656"] Took me awhile to find the law....thanks for the nudge. This part of the ERISA law is for plans in critical status and the remedies within a recovery plan. [URL='https://www.law.cornell.edu/uscode/text/29/1085']29 U.S. Code § 1085 - Additional funding rules for multiemployer plans in endangered status or critical status[/URL] [ATTACH=full]115112[/ATTACH] please note the word AND. It does need to be in the CBA (contrary to what I thought) but it cannot be removed by either UPS or the Teamsters until the original fund that's in critical status (CS), exits the recovery plan and is healthy enough to pay the benefits from the employees service credit in that fund. [/QUOTE]
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