$811 million to go into UPS plans

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 30, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    $811 million to go into UPS plans - Pensions and Investments

    United Parcel Service Inc., Atlanta, expects to contribute $811 million to its $12.8 billion U.S. pension plans and $343 million international pension plans this year.

    UPS in a May 7 filing had said it expects to contribute the $811 million over the remainder of the year. Of that, it is contributing $778 million to the new jointly trusteed UPS-International Brotherhood of Teamsters Plan created to cover employees who belong to the Teamsters Central States, Southeast and Southwest Areas Pension Plan, said Susan Rosenberg, UPS spokeswoman. The new plan was set up after UPS withdrew from the Central States plan.