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<blockquote data-quote="tieguy" data-source="post: 550067" data-attributes="member: 1912"><p><span style="color: blue">that is a good point. We did want out of the multi-employer plans. We knew there was legislation going in that would make our buying out much more expensive in the future thus 97 was the last chance we had to get out of multi-employer plans before the overall cost became prohibitive. </span></p><p> </p><p><span style="color: #0000ff">The CS buyout does show that this could have happened without UPS controlling the plans. </span></p><p> </p><p><span style="color: #0000ff">The teamsters could not afford ups buying out of multi-employer plans since it would have adversly affected non-ups company employees relying on the brown dollars feeding thier pension plans.</span></p></blockquote><p></p>
[QUOTE="tieguy, post: 550067, member: 1912"] [COLOR=blue]that is a good point. We did want out of the multi-employer plans. We knew there was legislation going in that would make our buying out much more expensive in the future thus 97 was the last chance we had to get out of multi-employer plans before the overall cost became prohibitive. [/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]The CS buyout does show that this could have happened without UPS controlling the plans. [/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]The teamsters could not afford ups buying out of multi-employer plans since it would have adversly affected non-ups company employees relying on the brown dollars feeding thier pension plans.[/COLOR] [/QUOTE]
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