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Central States Pension Fund cuts
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<blockquote data-quote="InsideUPS" data-source="post: 1891210" data-attributes="member: 31414"><p>Thank you for the Treasury link Ms. PacMan... Interesting reading for sure... Bad news for Tier 1 UPSers. </p><p> </p><p>For Tier 3 UPSers....I wonder how well the answer to question 17 at <a href="http://www.ibtupspensionfund.ups.com/IBT_QA.htm#q7" target="_blank">http://www.ibtupspensionfund.ups.com/IBT_QA.htm#q7</a> would stand up in court considering the ambiguity of the contract language as outlined on page 92 of the current contract. </p><p></p><p>(NOTE: Seems odd that the document submitted to the Treasury Department by CS did not have a facsimile of the current contract language instead of the draft images that they used...while they did use actual images from the two previous contracts.)</p><p>(checklist 30)</p><p><a href="http://www.treasury.gov/services/AppsExtended/(Checklist%2030)%20Tiers%20and%20UPS.pdf" target="_blank">http://www.treasury.gov/services/AppsExtended/(Checklist 30) Tiers and UPS.pdf</a></p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1891210, member: 31414"] Thank you for the Treasury link Ms. PacMan... Interesting reading for sure... Bad news for Tier 1 UPSers. For Tier 3 UPSers....I wonder how well the answer to question 17 at [URL]http://www.ibtupspensionfund.ups.com/IBT_QA.htm#q7[/URL] would stand up in court considering the ambiguity of the contract language as outlined on page 92 of the current contract. (NOTE: Seems odd that the document submitted to the Treasury Department by CS did not have a facsimile of the current contract language instead of the draft images that they used...while they did use actual images from the two previous contracts.) (checklist 30) [URL]http://www.treasury.gov/services/AppsExtended/(Checklist%2030)%20Tiers%20and%20UPS.pdf[/URL] [/QUOTE]
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