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Plan Summary
This summary explains important provisions of the UPS/IBT
Full-Time Employee Pension Plan (Plan) and not all of the information on this
web site may apply to you. More complete Plan information is found in the Plan
documents, including the Summary Plan Description (SPD) located on this
web site. All Plan benefits are subject to the terms of the official Plan
documents which govern in case of any discrepancies between information
presented here and the official Plan terms.
The Plan uses its best efforts to ensure the accuracy of the
material presented here, but no content should be relied upon without written
confirmation from the Plan.
Pension Plan Coverage
The Plan provides certain benefits for full-time employees
of United Parcel Service, Inc. (an Ohio corporation) who satisfy each of the
following conditions:
You are covered for the purpose of pension benefits by the
Collective Bargaining Agreement (CBA) between United Parcel Service, Inc. (an Ohio corporation) and the Teamsters United Parcel Service National Negotiating Committee
representing Local Unions affiliated with the International Brotherhood of
Teamsters:
- You are classified in a category of work that is designated
under the CBA as eligible for the benefits described in the Plan
- You have at least one Hour of Service in Covered Employment
(as defined later in the SPD on or after January 1, 2008
- You are not currently covered by any other qualified defined
benefit pension plan to which UPS makes contributions on your behalf and
- You are not performing services on a contract basis, or
under a leasing or temporary services arrangement.
The Plan also provides benefits for certain current and
former employees of UPS who are no longer working in Covered Employment based
on benefits earned under the Central States Pension Fund before 2008. See the
Special Note About Grand fathered CSPF Participants section on page 40 of the SPD.
Information Presented Here
The Plan does not warrant the accuracy or completeness of
the information, text, graphics, links, or other items contained on the site,
and the Plan expressly disclaims liability for errors or omissions in these
materials, and disclaim all warranties, express or implied. In no event will the
Plan be liable for any damages whatsoever arising out of the use, inability to
use, or the results of use of this site, any web sites linked to this site, or
the materials or information contained at any or all such sites. The Plan makes
no commitment to update the information contained in this site.
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