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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 727237" data-attributes="member: 12570"><p>I am in the NYS Teamsters Plan, which is a multi-employer plan. I started a thread in another forum on this very topic as our fund is at critical status, which means it is less than 65% funded.</p><p> </p><p>I would think that UPS would love to gain control of all of the various pension plans but pulling money from a healthy plan to bail out a weaker one would be fine as long as it does not affect the pension payments of those in the healthier plan. Sorry, but we are "brothers" until it affects my wallet, then it is every man for himself.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 727237, member: 12570"] I am in the NYS Teamsters Plan, which is a multi-employer plan. I started a thread in another forum on this very topic as our fund is at critical status, which means it is less than 65% funded. I would think that UPS would love to gain control of all of the various pension plans but pulling money from a healthy plan to bail out a weaker one would be fine as long as it does not affect the pension payments of those in the healthier plan. Sorry, but we are "brothers" until it affects my wallet, then it is every man for himself. [/QUOTE]
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