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Brown Cafe UPS Forum
UPS Union Issues
teamcare question
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<blockquote data-quote="Inthegame" data-source="post: 1443459" data-attributes="member: 37112"><p>If this was a pension issue with the lifelong benefit obligation you might persuade me, but no one has provided one fact regarding TeamCare's viability without the influx of "new" UPS participants. Indeed the Plan had grown more solvent in recent years.</p><p>Remember with the increase in participants and their negotiated contribution rates, comes the increase in claim obligations for those participants.</p><p>Pensions pay long into the future with no corresponding contributions. H&W is pay as you go.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1443459, member: 37112"] If this was a pension issue with the lifelong benefit obligation you might persuade me, but no one has provided one fact regarding TeamCare's viability without the influx of "new" UPS participants. Indeed the Plan had grown more solvent in recent years. Remember with the increase in participants and their negotiated contribution rates, comes the increase in claim obligations for those participants. Pensions pay long into the future with no corresponding contributions. H&W is pay as you go. [/QUOTE]
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