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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="pretzel_man" data-source="post: 54909"><p>ok2bclever: </p><p> </p><p>I understand the concept, and you're right, I know I oversimplified. </p><p> </p><p>I also understand the benefit to the employees of a multi employer fund. Risk is shared among employees of many companies. The risk can be the company going out of business or poor company practices. </p><p> </p><p>What I do not understand is how employees are only using funds from their infividual employers. That is in conflict with the concept. </p><p> </p><p>By definition, if the risk is shared, so is the reward. </p><p> </p><p>I'm still unclear. Are you saying that if UPSers pulled out of the multi employer plan, other teamsters would not be affected? </p><p> </p><p>If employees only took money from their own companies, that would have to be true, would it not? </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 54909"] ok2bclever: I understand the concept, and you're right, I know I oversimplified. I also understand the benefit to the employees of a multi employer fund. Risk is shared among employees of many companies. The risk can be the company going out of business or poor company practices. What I do not understand is how employees are only using funds from their infividual employers. That is in conflict with the concept. By definition, if the risk is shared, so is the reward. I'm still unclear. Are you saying that if UPSers pulled out of the multi employer plan, other teamsters would not be affected? If employees only took money from their own companies, that would have to be true, would it not? P-Man [/QUOTE]
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