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UPS Union Issues
Central states-what happens when???
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<blockquote data-quote="oldngray" data-source="post: 1710833" data-attributes="member: 45230"><p>The Central States Pension Fund Trustees are currently reviewing temporary and proposed guidance issued on June 17 by the U.S. Department of Treasury to multiemployer pension funds, like Central States, that are considering the development of rescue plans, including potential benefit reductions for active members and retirees, under the Multiemployer Pension Reform Act of 2014 (MPRA). This guidance is several hundred pages in length.</p><p></p><p>Our Trustees are continuing to develop a fair rescue plan to ensure that our Fund will continue to provide pension benefits for many years in the future. A proposed rescue plan may not be available for several months. We understand the uncertainty and anxiety related to this process, and appreciate your patience.</p><p></p><p>When a proposed rescue plan has been developed, we will be contacting you again through U.S. mail with detailed information about if and how it will specifically impact your pension benefits.</p><p></p><p>For timely updates, please visit our website, or call our dedicated hotline at 1-800-323-7640.</p></blockquote><p></p>
[QUOTE="oldngray, post: 1710833, member: 45230"] The Central States Pension Fund Trustees are currently reviewing temporary and proposed guidance issued on June 17 by the U.S. Department of Treasury to multiemployer pension funds, like Central States, that are considering the development of rescue plans, including potential benefit reductions for active members and retirees, under the Multiemployer Pension Reform Act of 2014 (MPRA). This guidance is several hundred pages in length. Our Trustees are continuing to develop a fair rescue plan to ensure that our Fund will continue to provide pension benefits for many years in the future. A proposed rescue plan may not be available for several months. We understand the uncertainty and anxiety related to this process, and appreciate your patience. When a proposed rescue plan has been developed, we will be contacting you again through U.S. mail with detailed information about if and how it will specifically impact your pension benefits. For timely updates, please visit our website, or call our dedicated hotline at 1-800-323-7640. [/QUOTE]
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