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Brown Cafe UPS Forum
UPS Union Issues
NOT the Best Contract Ever
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<blockquote data-quote="homer123" data-source="post: 249088" data-attributes="member: 11818"><p>Go to makeupsdeliver.org. the 3rd article is about the agreement w/ a link to Bloomberg.com. The article discusses the possible affect on UPS AAA rating. More importantly it says the $6.1B is a pretax amount & that CS will probably only see $3.9B. Now if everyone was counting on the full amount to shore up the fund, where does that leave the fund if uncle Sam gets $2+B. What is this tax? I'm still trying to find out if this is taxable because it is not yet earned income but a buy-out so may be considered a gift or other taxable income for CSPF.</p></blockquote><p></p>
[QUOTE="homer123, post: 249088, member: 11818"] Go to makeupsdeliver.org. the 3rd article is about the agreement w/ a link to Bloomberg.com. The article discusses the possible affect on UPS AAA rating. More importantly it says the $6.1B is a pretax amount & that CS will probably only see $3.9B. Now if everyone was counting on the full amount to shore up the fund, where does that leave the fund if uncle Sam gets $2+B. What is this tax? I'm still trying to find out if this is taxable because it is not yet earned income but a buy-out so may be considered a gift or other taxable income for CSPF. [/QUOTE]
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