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No guarantee after December 31, 2012?
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<blockquote data-quote="JonFrum" data-source="post: 939578" data-attributes="member: 18044"><p>No one knows what the heck you are talking about.</p><p></p><p>You made a confusing post that mixes up several issues.</p><p></p><p>What "guarantee" are you referring to? Vesting? ERISA? PBGC? Restored Early Retirement? Lump Sum? What???</p><p></p><p>There is a legitimate concern about the fact that UPS' involvement with the new "UPS/IBT Full-time Employee Pension Plan" is governed by the Collective Bargaining Agreement which expires at midnight July 31, 2013 ( unless amended, extended or re-negotiated.) Continuing the new Plan and UPS' contributions to it beyond the expiration date of the current Union Contract depends on whatever pension details may or may not be negotiated into the next Contract.</p><p></p><p>Full-time Central Staters voted to be in this vunerable situation, where their entire pension situation is up for re-negotiation with each Contract expiration.</p><p></p><p></p><p>But you didn't mention the new fund, just the old fund, however.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 939578, member: 18044"] No one knows what the heck you are talking about. You made a confusing post that mixes up several issues. What "guarantee" are you referring to? Vesting? ERISA? PBGC? Restored Early Retirement? Lump Sum? What??? There is a legitimate concern about the fact that UPS' involvement with the new "UPS/IBT Full-time Employee Pension Plan" is governed by the Collective Bargaining Agreement which expires at midnight July 31, 2013 ( unless amended, extended or re-negotiated.) Continuing the new Plan and UPS' contributions to it beyond the expiration date of the current Union Contract depends on whatever pension details may or may not be negotiated into the next Contract. Full-time Central Staters voted to be in this vunerable situation, where their entire pension situation is up for re-negotiation with each Contract expiration. But you didn't mention the new fund, just the old fund, however. [/QUOTE]
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No guarantee after December 31, 2012?
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