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<blockquote data-quote="JonFrum" data-source="post: 814994" data-attributes="member: 18044"><p>Anyone can see how little UPS puts away for its people by examining the UPS Pension Plan. That's the plan that covers UPS part-timers in the Central States region. UPS runs the fund and has for decades. When it comes to providing for part-time retirees, the fund is pitiful.</p><p> </p><p>More recently UPS created a new fund just for UPS full-timers in the Central States region. It's pension accrual rates are l<u>ower</u> than any Teamster sponsored fund.</p><p> </p><p>The Teamsters didn't fund (or underfund) Central States, employers, like UPS, did. All the Teamsters could do is try to negotiate higher contribution rates by companies like UPS. They can't make UPS agree to those higher rates. Besides, rather than shore up the fund, UPS, the largest employer, withdrew from Central States, thus further damageing the fund's financial health.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 814994, member: 18044"] Anyone can see how little UPS puts away for its people by examining the UPS Pension Plan. That's the plan that covers UPS part-timers in the Central States region. UPS runs the fund and has for decades. When it comes to providing for part-time retirees, the fund is pitiful. More recently UPS created a new fund just for UPS full-timers in the Central States region. It's pension accrual rates are l[U]ower[/U] than any Teamster sponsored fund. The Teamsters didn't fund (or underfund) Central States, employers, like UPS, did. All the Teamsters could do is try to negotiate higher contribution rates by companies like UPS. They can't make UPS agree to those higher rates. Besides, rather than shore up the fund, UPS, the largest employer, withdrew from Central States, thus further damageing the fund's financial health. [/QUOTE]
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