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Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
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<blockquote data-quote="siouxman" data-source="post: 255368" data-attributes="member: 4991"><p>lets say you have 30 years in and retire with 10 of those years in the new pension and lets say you are 55. you qualify for the 30 and out pension and ups will pay it until age 65. then cs will pay for the 20 years you had vested and the new fund will pay for the 10 years. If cs pension is reduced the new fund will make up that difference.Example If in the above example you reach age 65 and cs pension obligation is now 2000 and the new plans is 1000 but cs cuts it benefit 500 to 1500 the new plan would now pay 1500</p></blockquote><p></p>
[QUOTE="siouxman, post: 255368, member: 4991"] lets say you have 30 years in and retire with 10 of those years in the new pension and lets say you are 55. you qualify for the 30 and out pension and ups will pay it until age 65. then cs will pay for the 20 years you had vested and the new fund will pay for the 10 years. If cs pension is reduced the new fund will make up that difference.Example If in the above example you reach age 65 and cs pension obligation is now 2000 and the new plans is 1000 but cs cuts it benefit 500 to 1500 the new plan would now pay 1500 [/QUOTE]
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Worst part of contract
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