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Brown Cafe UPS Forum
UPS Union Issues
APWA in New Orleans
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<blockquote data-quote="denverbrown" data-source="post: 171899" data-attributes="member: 517"><p>It's scary to think that the people hoping to take over our pensions don't know what kind of pension plan we have. And appear to not know the difference between the two basic types of plans. We do indeed have a defined benefit pension. NOT a defined contribution. I'm not going to tell you what the difference is, although it's quite simple to explain and I have explained it many times on my website, Denverbrown.com. I want Nospin to do some homework and then tell us how he thinks we have a defined contribution plan. </p><p>HINT: Making a set contribution like UPS makes into Central States does not make the plan a defined contribution plan. </p><p>Yikes!!</p></blockquote><p></p>
[QUOTE="denverbrown, post: 171899, member: 517"] It's scary to think that the people hoping to take over our pensions don't know what kind of pension plan we have. And appear to not know the difference between the two basic types of plans. We do indeed have a defined benefit pension. NOT a defined contribution. I'm not going to tell you what the difference is, although it's quite simple to explain and I have explained it many times on my website, Denverbrown.com. I want Nospin to do some homework and then tell us how he thinks we have a defined contribution plan. HINT: Making a set contribution like UPS makes into Central States does not make the plan a defined contribution plan. Yikes!! [/QUOTE]
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