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Brown Cafe UPS Forum
UPS Union Issues
Teamster Pensions - The Ultimate Goal and Weakness of UPS Contract Negotiations
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<blockquote data-quote="UPS Preloader" data-source="post: 1105957" data-attributes="member: 29235"><p>My understanding was that under the withdrawal agreement, UPS will pay its withdrawal liability in equal monthly installments over 50 years, recording an $896 million liability based on the present value of the payments. What they did in September was take a charge of $896 million off their books, but did not actually dispense with these funds. (All it did was help reduce their profits for 2012.)</p></blockquote><p></p>
[QUOTE="UPS Preloader, post: 1105957, member: 29235"] My understanding was that under the withdrawal agreement, UPS will pay its withdrawal liability in equal monthly installments over 50 years, recording an $896 million liability based on the present value of the payments. What they did in September was take a charge of $896 million off their books, but did not actually dispense with these funds. (All it did was help reduce their profits for 2012.) [/QUOTE]
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Teamster Pensions - The Ultimate Goal and Weakness of UPS Contract Negotiations
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