Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Inthegame" data-source="post: 2207417" data-attributes="member: 37112"><p>Why do you think anyone would be getting more money if UPS withdrew in '97? Do you believe UPS would suddenly feel generous? That hasn't been their history.</p><p>The withdrawal liability issue is a serious impediment to all existing participating employers, however UPS has stressed the "earnings" of many other employers, including larger freight carriers now in competition with non-participating UPS Freight. In this case, they have made their own bed. </p><p>The CSPF has had ROI's in the top 20% of pension funds over the last 20 years. The issues of that plan have little to do with the "pension handlers" and everything to do with dwindling participating employers, and the market fall of 2008. </p><p> </p><p>Can't find anyone facing 25% of what they are getting now. The proposed CSPF cuts were limited to 10% above the PBGC guarantee of 30%. And that's been rejected.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2207417, member: 37112"] Why do you think anyone would be getting more money if UPS withdrew in '97? Do you believe UPS would suddenly feel generous? That hasn't been their history. The withdrawal liability issue is a serious impediment to all existing participating employers, however UPS has stressed the "earnings" of many other employers, including larger freight carriers now in competition with non-participating UPS Freight. In this case, they have made their own bed. The CSPF has had ROI's in the top 20% of pension funds over the last 20 years. The issues of that plan have little to do with the "pension handlers" and everything to do with dwindling participating employers, and the market fall of 2008. Can't find anyone facing 25% of what they are getting now. The proposed CSPF cuts were limited to 10% above the PBGC guarantee of 30%. And that's been rejected. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
Top