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Brown Cafe UPS Forum
UPS Union Issues
Central states-what happens when???
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<blockquote data-quote="kingOFchester" data-source="post: 1471096" data-attributes="member: 11246"><p>The government is going to permit pension funds to cut retiree benefits.</p><p></p><p>Pension funds, like the central states, will cut benefits do to being in the RED. </p><p></p><p>This bill, without the handout to UPS, would of put UPS on the line to make up the difference in the central states being that the pension fund could cut benefits to retirees do to this bill. This is because they are obligated to make up the difference.</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1471096, member: 11246"] The government is going to permit pension funds to cut retiree benefits. Pension funds, like the central states, will cut benefits do to being in the RED. This bill, without the handout to UPS, would of put UPS on the line to make up the difference in the central states being that the pension fund could cut benefits to retirees do to this bill. This is because they are obligated to make up the difference. [/QUOTE]
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