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Brown Cafe UPS Forum
UPS Retirement Topics
Pension plan status
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<blockquote data-quote="Old Man Jingles" data-source="post: 3500141" data-attributes="member: 18222"><p><img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />!!! My apologies.</p><p>I was remembering from left to right ... I thought it was getting better.</p><p>Looked at it closer now that I am home.</p><p></p><p>I'm assuming this is due to new management not in our plan and therefore no funding over the last two years?</p><p>Also, interest rates are at historical lows which means UPS does not have to contribute as much each year. It also means our ''net buying power" of our monthly pension is remaining steady instead of going down.</p><p></p><p>At least we are not in a multi-employer plan ... not that I particularly expect UPS to really care about us.</p></blockquote><p></p>
[QUOTE="Old Man Jingles, post: 3500141, member: 18222"] :censored:!!! My apologies. I was remembering from left to right ... I thought it was getting better. Looked at it closer now that I am home. I'm assuming this is due to new management not in our plan and therefore no funding over the last two years? Also, interest rates are at historical lows which means UPS does not have to contribute as much each year. It also means our ''net buying power" of our monthly pension is remaining steady instead of going down. At least we are not in a multi-employer plan ... not that I particularly expect UPS to really care about us. [/QUOTE]
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