UPS Part Sample Clauses

UPS Part. Time Pension Plan 1) The UPS Pension Plan will be improved to provide monthly benefits to part-time employees as follows: The benefit formula in the UPS Pension Plan for current or future part-time employees who are participants will be increased effective August 1, 2004 to fifty-five dollars ($55.00) for each year of past and future credited service to a maximum of 35 years of credited service. The benefit formula in the UPS Pension Plan for current or future part-time employees who are participants will be increased solely for purposes of the monthly accrued benefit, effective August 1, 2008 to sixty dollars ($60) for each year of future Credited Service to a maximum of 35
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