Pension Changes

[O/C]

This is what was told to me by my union rep who heard it from a feeder driver. I know right?

I should watch out in mid October as UPS was talking about raising the retirement age from the 57.5, which I thought was a Union issue.

Just wondered if you had heard anything?

What is the age they want to raise it to?

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[brownguy46]

The rep didn't say.

 

[Re-Raise]

This is what was told to me by my union rep who heard it from a feeder driver. I know right?

I should watch out in mid October as UPS was talking about raising the retirement age from the 57.5, which I thought was a Union issue.

Just wondered if you had heard anything?

UUgghh UPS doesn't decide how long you have to work to get a pension.

The union keeps track of your pension credits and decides how much you get each month based on those years.

 

[UPSGUY72]

This is what was told to me by my union rep who heard it from a feeder driver. I know right?

I should watch out in mid October as UPS was talking about raising the retirement age from the 57.5, which I thought was a Union issue.

Just wondered if you had heard anything?

UPS has nothing to due with the pension plan other than paying into it. They don't set the years of service level you can retire at an the don't determine amount you get at each the pension Trustees due that.

 

[Brownslave688]

Was this feeder driver Brian Williams by any chance?

 

[Disgruntled employee]

I heard that the pensions contribution is still getting worked out tis one of the reasons the new contract book hasn't been printed

Read more: http://www.browncafe.com/community/threads/pension-changes.360478/#ixzz3RXwbjt1X

A business agent also told me the same thing. I retired 8 months ago and still waiting for my pension to be recalculated due to the new pension contribution out here on the West Coast.

 

[O/C]

UPS has nothing to due with the pension plan other than paying into it. They don't set the years of service level you can retire at an the don't determine amount you get at each the pension Trustees due that.

Generally the pension trustee boards are half union and half company. They have more control over your pension benefits than you think, also consider their ability to adjust your health and welfare costs. I sense that the state of mind with the union leadership is to keep the old timers active as long as permitted.

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