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UPS Union Issues
Central states-what happens when???
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<blockquote data-quote="Mugarolla" data-source="post: 1470808" data-attributes="member: 8481"><p>UPS is obligated to make up the difference until and if it is removed from any future contracts.</p><p></p><p>There seems to be a clause in this bill though that will make UPS retirees reduction negligible and possibly nothing at all.</p><p></p><p>UPS lobbied for it because they are responsible for making up the difference. No other company has this clause in there contracts. ABF, YRC etc as a company will not lose any money due to the possible pension cuts. Only the retirees.</p><p></p><p>UPS could lose billions making up the cuts. Congress may have given UPS a carve out by not reducing UPSers Central States contribution. Or if it is reduced, it will be negligible. Furthur facts to follow.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1470808, member: 8481"] UPS is obligated to make up the difference until and if it is removed from any future contracts. There seems to be a clause in this bill though that will make UPS retirees reduction negligible and possibly nothing at all. UPS lobbied for it because they are responsible for making up the difference. No other company has this clause in there contracts. ABF, YRC etc as a company will not lose any money due to the possible pension cuts. Only the retirees. UPS could lose billions making up the cuts. Congress may have given UPS a carve out by not reducing UPSers Central States contribution. Or if it is reduced, it will be negligible. Furthur facts to follow. [/QUOTE]
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