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Brown Cafe UPS Forum
UPS Discussions
Drivers who pass away shortly after retirement
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2377881" data-attributes="member: 12570"><p>You are confused on the pension issue.</p><p></p><p>UPS has never had a problem meeting it's pension obligation, whether it be for the hourlies on their plan or for their contributions to Teamster plans.</p><p></p><p>The problems are with the multi-employer plans, such as mine, where employers drop out and the number of retirees exceeds the number of actives. More money going out than coming in simply does not work.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2377881, member: 12570"] You are confused on the pension issue. UPS has never had a problem meeting it's pension obligation, whether it be for the hourlies on their plan or for their contributions to Teamster plans. The problems are with the multi-employer plans, such as mine, where employers drop out and the number of retirees exceeds the number of actives. More money going out than coming in simply does not work. [/QUOTE]
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