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UPS Partners
MIP, Pension etc
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<blockquote data-quote="JonFrum" data-source="post: 276498"><p>UPS has cash sitting around, but not $6.1 billion worth! They're withdrawing from the most expensive fund to withdraw from, at the most expensive time. A strange choice. (If they withdrew from the Western Conference Plan, for example, it wouldn't cost them a cent.) Plus they still have to pay for the cost of the Central States UPSers' new pension plan.</p><p></p><p>They plan to pay off the debt they owe to the Central States Pension Fund from three sources: their spare cash, newly borrowed money, and the U.S. taxpayers (when they take a big tax deduction.)</p></blockquote><p></p>
[QUOTE="JonFrum, post: 276498"] UPS has cash sitting around, but not $6.1 billion worth! They're withdrawing from the most expensive fund to withdraw from, at the most expensive time. A strange choice. (If they withdrew from the Western Conference Plan, for example, it wouldn't cost them a cent.) Plus they still have to pay for the cost of the Central States UPSers' new pension plan. They plan to pay off the debt they owe to the Central States Pension Fund from three sources: their spare cash, newly borrowed money, and the U.S. taxpayers (when they take a big tax deduction.) [/QUOTE]
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