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Brown Cafe UPS Forum
UPS Retirement Topics
Pensions...We all saw this coming.
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<blockquote data-quote="brown metal coffin" data-source="post: 1467213" data-attributes="member: 38727"><p>The table is being set. Over the last year or so I have seen a few companies where the unions have voted to abolish their pension plans in favor of matching 401k. I could see this playing out over the long term as we are completely upside down with people pulling out of the pension as those that are putting into it right now. What I want to know is; if UPS doesn't contribute to the pension fund anymore where does that balance go and how is it dispersed.</p></blockquote><p></p>
[QUOTE="brown metal coffin, post: 1467213, member: 38727"] The table is being set. Over the last year or so I have seen a few companies where the unions have voted to abolish their pension plans in favor of matching 401k. I could see this playing out over the long term as we are completely upside down with people pulling out of the pension as those that are putting into it right now. What I want to know is; if UPS doesn't contribute to the pension fund anymore where does that balance go and how is it dispersed. [/QUOTE]
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Pensions...We all saw this coming.
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