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UPS Retirement Topics
Surrending CS Pension?
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<blockquote data-quote="my2cents" data-source="post: 72720" data-attributes="member: 1287"><p>Below are a few snippets from a House press release regarding the "Pension Protection Act of 2005" and from the President of the Standard Forwarding Company, who testified in the Senate on the need for multi-employer pension plan reform. As it stands now, with the current demographics and the withdrawal liability issue of many of these plans, they are increasingly becoming a bad deal for both workers and employers. </p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>A hypothetical question. If a majority of bargaining unit employees wanted out of these plans, would the IBT go along with that request or would they keep it off the table?</p></blockquote><p></p>
[QUOTE="my2cents, post: 72720, member: 1287"] Below are a few snippets from a House press release regarding the "Pension Protection Act of 2005" and from the President of the Standard Forwarding Company, who testified in the Senate on the need for multi-employer pension plan reform. As it stands now, with the current demographics and the withdrawal liability issue of many of these plans, they are increasingly becoming a bad deal for both workers and employers. A hypothetical question. If a majority of bargaining unit employees wanted out of these plans, would the IBT go along with that request or would they keep it off the table? [/QUOTE]
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