Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Now what? Opt In / Opt Out
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="JonFrum" data-source="post: 287053"><p>No, Tie. UPS could only be said to "bail out" Central States if it contributed money that it didn't have to, like a gift or grant. In fact, UPS contributed money that it legally owed to the Fund, period. Paying off your debts is not an act of charity. It's the Law.</p><p></p><p>Now Arkansas Best Freight (ABF) intends to withdraw and pay its Withdrawal Liability. If every contributing employer would pay its own Withdrawal Liability (with or without actually withdrawing,) Central States would be fully funded and there would be no perceived need for a "bail out" in the first place. It's only because contributing employers can't be forced to pay their Withdrawal Liability until they actually withdraw, that the Fund appears to be underfunded and in need of a bail out. It's like a business with a lot of Accounts Receivable. If only the delinquent customers would pay their bills, the business would be doing just fine.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 287053"] No, Tie. UPS could only be said to "bail out" Central States if it contributed money that it didn't have to, like a gift or grant. In fact, UPS contributed money that it legally owed to the Fund, period. Paying off your debts is not an act of charity. It's the Law. Now Arkansas Best Freight (ABF) intends to withdraw and pay its Withdrawal Liability. If every contributing employer would pay its own Withdrawal Liability (with or without actually withdrawing,) Central States would be fully funded and there would be no perceived need for a "bail out" in the first place. It's only because contributing employers can't be forced to pay their Withdrawal Liability until they actually withdraw, that the Fund appears to be underfunded and in need of a bail out. It's like a business with a lot of Accounts Receivable. If only the delinquent customers would pay their bills, the business would be doing just fine. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Now what? Opt In / Opt Out
Top