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Brown Cafe UPS Forum
UPS Retirement Topics
Fully or Fooly Funded New (old CS) Plan?
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<blockquote data-quote="satellitedriver" data-source="post: 248748" data-attributes="member: 1664"><p>I do not think CS will have to pay the tax on the 6.1 billion. It will be treated the same as UPS's weekly contribution to the fund, tax exempt.</p><p>We pay income tax on it when we receive it.</p><p>The ability of CS to meet their future obligations will depend on how they manage and invest the monies.</p><p>The govt. will restructure the fund Jan. 1st 2008, if it is not funded.</p><p>And, I am sure you do not want to take that hit.</p><p>PAX</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 248748, member: 1664"] I do not think CS will have to pay the tax on the 6.1 billion. It will be treated the same as UPS's weekly contribution to the fund, tax exempt. We pay income tax on it when we receive it. The ability of CS to meet their future obligations will depend on how they manage and invest the monies. The govt. will restructure the fund Jan. 1st 2008, if it is not funded. And, I am sure you do not want to take that hit. PAX [/QUOTE]
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Fully or Fooly Funded New (old CS) Plan?
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