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Brown Cafe UPS Forum
UPS Retirement Topics
REFORM PLAN FOR Central States Pension Plan
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<blockquote data-quote="Catatonic" data-source="post: 1864172" data-attributes="member: 7966"><p>UPS did not leave these previously employed Teamster UPS "out to dry".</p><p>UPS paid out for your retirement every week you worked which was much more than adequate to fund UPS Teamster retirements.</p><p>The Teamsters' mismanagement of the funds already paid by UPS is the reason your retirement is being reduced.</p><p>You are right that UPS has the ability to bail out the Teamsters but they do not have to do so.</p><p></p><p>The Teamster accountants are the ones that set the levels and cutoff points.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1864172, member: 7966"] UPS did not leave these previously employed Teamster UPS "out to dry". UPS paid out for your retirement every week you worked which was much more than adequate to fund UPS Teamster retirements. The Teamsters' mismanagement of the funds already paid by UPS is the reason your retirement is being reduced. You are right that UPS has the ability to bail out the Teamsters but they do not have to do so. The Teamster accountants are the ones that set the levels and cutoff points. [/QUOTE]
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REFORM PLAN FOR Central States Pension Plan
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