Article I-6
The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset.
(normal retirement age is noted earlier in contract as 65)
The way I see it:
The UPS/IBT Plan will recognize full-time(what about Part time?) service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age(65) the benefits accrued from the CS Plan commencing at Normal Retirement Age.(65)
If(not if-when) the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset.
Why do people keep telling me their pension is now secure? UPS leaving is the beginning of more to leave. ABF and Yellow will be next. Will it float? I don't think so.
The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset.
(normal retirement age is noted earlier in contract as 65)
The way I see it:
The UPS/IBT Plan will recognize full-time(what about Part time?) service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age(65) the benefits accrued from the CS Plan commencing at Normal Retirement Age.(65)
If(not if-when) the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset.
Why do people keep telling me their pension is now secure? UPS leaving is the beginning of more to leave. ABF and Yellow will be next. Will it float? I don't think so.
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