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UPS Union Issues
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<blockquote data-quote="JonFrum" data-source="post: 281933"><p>UPS didn't "bail out" Central States. They are just paying off their debt to Central States, as ERISA has required since 1980.</p><p></p><p></p><p></p><p> </p><p>UPS <strong>chose</strong> to trigger their obligation to pay off their debt to Central States by deciding to cease future participation in the Pension Plan. It's like running a tab at the local bar. If you announce you're leaving town, the bartender will want to be paid in full before you leave. </p><p></p><p></p><p></p><p>Wow! Another C. Montgomery Burns disciple! You and Tieguy should get together with Smithers and start a chapter of the Mr. Monty Burns Fanclub.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 281933"] UPS didn't "bail out" Central States. They are just paying off their debt to Central States, as ERISA has required since 1980. UPS [b]chose[/b] to trigger their obligation to pay off their debt to Central States by deciding to cease future participation in the Pension Plan. It's like running a tab at the local bar. If you announce you're leaving town, the bartender will want to be paid in full before you leave. Wow! Another C. Montgomery Burns disciple! You and Tieguy should get together with Smithers and start a chapter of the Mr. Monty Burns Fanclub. [/QUOTE]
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