UPS pension benefits were miscalculated, say former workers

By Abby Wargo (April 29, 2022, 6:56 p.m. EDT) — UPS pension plan is not paying tens of thousands of retirees their full joint and survivor benefits, eight former workers say in class action lawsuit proposed in federal court in Georgia.

The eight retirees sued the shipping company, its pension plan and its board on Wednesday, claiming the entities failed to pay the correct amount of joint and survivor annuity benefits to tens of thousands of pension plan members and pension in violation of employee retirement income security. Law. Pensioners say UPS used outdated mortality data to calculate payments, misleading them out of tens of thousands…

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