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Brown Cafe UPS Forum
UPS Union Issues
Central States Pension Cut to be Announced Next Week!!!!!!
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<blockquote data-quote="804brown" data-source="post: 1822262" data-attributes="member: 29553"><p>Our pension is now 70% funded and ahead of schedule to come out of red zone. </p><p>The 106% number is irrelevant. It is important if and only if UPS goes under. It would need to be able to pay out all obligations, etc. No one thinks UPS is going under so being 100% funded is sort of beside the point. The more important point is whether the fund is healthy and has good cash flow and strong investments.</p></blockquote><p></p>
[QUOTE="804brown, post: 1822262, member: 29553"] Our pension is now 70% funded and ahead of schedule to come out of red zone. The 106% number is irrelevant. It is important if and only if UPS goes under. It would need to be able to pay out all obligations, etc. No one thinks UPS is going under so being 100% funded is sort of beside the point. The more important point is whether the fund is healthy and has good cash flow and strong investments. [/QUOTE]
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Central States Pension Cut to be Announced Next Week!!!!!!
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