UPS Freight Update: UPSF/TFI Pension Communications
The following memoranda was sent today to all Teamster local unions representing UPS Freight members from Kris Taylor, UPS Freight Coordinator, Teamsters Package Division
This is to inform you that we received the below information from UPS Freight concerning pension issues. Please advise your membership accordingly. We will pass on any additional information as we receive it.
- At the end of April with the close of the sale, UPSF employees will receive general communications letting them know that the pension calculations while employed with UPS are being prepared.
- Included in the April communications will be an updated copy of the Summary Plan Description.
- By August employees will start receiving individualized Pension statements with their deferred vested benefit, YOS and Pension Credit.
- Employees will continue to have access to the Pension Calculator in UPSers.com, up to the point when TFI transitions/transfers all the employees into their HR systems.