Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Tackleberry" data-source="post: 255519" data-attributes="member: 12076"><p>Well, I'd sure like to see the supplements- I suppose it could be in there, but this language in the master makes me nervous. I'll try to explain better why it bothers me, it's difficult to keep trying to make my point with the same paragraph over and over, but it seems very important to me.</p><p></p><p>According to the SS office</p><p style="margin-left: 20px"><span style="color: Blue">The law has always required that a person’s benefit as a spouse, widow, or widower be offset dollar for dollar by the amount of his or her own retirement benefit.</span></p> <p style="margin-left: 20px"><span style="color: Blue"></span></p> <p style="margin-left: 20px"><span style="color: Blue"></span><a href="http://www.ssa.gov/pubs/10007.html" target="_blank">http://www.ssa.gov/pubs/10007.html</a></p> <p style="margin-left: 20px"></p><p>OK, so offset seems to mean a reduction or replacement or set aside, so if UPS/IBT plan-</p><p style="margin-left: 20px"><span style="color: Blue">"will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age"</span></p> <p style="margin-left: 20px"><span style="color: Blue"></span></p> <p style="margin-left: 20px"><span style="color: Blue"></span></p><p>then UPS means to reduce or replace (offset) the funds from the new plan by what we actually ACCRUED under the old (lets say $1000), and if so then this language</p><p style="margin-left: 20px"><span style="color: Blue">"the amount of such reduction shall not be included in this offset."</span></p> <p style="margin-left: 20px"></p><p>that means that UPS would NOT modify that reduction (based on what we have actually accrued-not what we are receiving) in case CS falters and or benefit from CS was reduced- for example if they are offsetting $1000 for CS's contribution and lets say for example CS reduced it went to $500, then we would be out that amount. </p><p></p><p>I really am sorry to harp on about this, but such sloppy language is what gives us many of our problems.</p><p></p><p>I'm going to have to go in a minute, but I appreciate your reply.</p></blockquote><p></p>
[QUOTE="Tackleberry, post: 255519, member: 12076"] Well, I'd sure like to see the supplements- I suppose it could be in there, but this language in the master makes me nervous. I'll try to explain better why it bothers me, it's difficult to keep trying to make my point with the same paragraph over and over, but it seems very important to me. According to the SS office [INDENT][COLOR=Blue]The law has always required that a person’s benefit as a spouse, widow, or widower be offset dollar for dollar by the amount of his or her own retirement benefit. [/COLOR][URL]http://www.ssa.gov/pubs/10007.html[/URL] [/INDENT]OK, so offset seems to mean a reduction or replacement or set aside, so if UPS/IBT plan- [INDENT][COLOR=Blue]"will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age" [/COLOR][/INDENT]then UPS means to reduce or replace (offset) the funds from the new plan by what we actually ACCRUED under the old (lets say $1000), and if so then this language [INDENT][COLOR=Blue]"the amount of such reduction shall not be included in this offset."[/COLOR] [/INDENT]that means that UPS would NOT modify that reduction (based on what we have actually accrued-not what we are receiving) in case CS falters and or benefit from CS was reduced- for example if they are offsetting $1000 for CS's contribution and lets say for example CS reduced it went to $500, then we would be out that amount. I really am sorry to harp on about this, but such sloppy language is what gives us many of our problems. I'm going to have to go in a minute, but I appreciate your reply. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
Top