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Brown Cafe UPS Forum
UPS Union Issues
UPS EMPLOYEES START NEW UNION!
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<blockquote data-quote="tieguy" data-source="post: 55491"><p>"That said, the multi-employer funds are subsidized by companies contributing money per working employee, equally proportionally from my understanding. </p><p>UPS does NOT put in more than anyone else per employee. </p><p>They put in whatever was negotiated, just like all the rest." </p><p> </p><p>Did you read anything I posted or did you simply throw another one of your classic tantrums. </p><p>Let me post again and try to pay attention this time: </p><p> </p><p>Today the ratio has swung to one active ups employee funding for two retirees. </p><p> </p><p>Now just to address your point when it gets down to UPS being the last company left in the central states plan then yes ups will be expected to fund it and keep it going above and beyond the contractual language. </p><p> </p><p>The IRS minimum funding requirements place increased potential liability on the remaining companies in a mult-employer pension plan. </p><p> </p><p>OK you really need to do your homework instead of trying to defend something you know nothing about.</p></blockquote><p></p>
[QUOTE="tieguy, post: 55491"] "That said, the multi-employer funds are subsidized by companies contributing money per working employee, equally proportionally from my understanding. UPS does NOT put in more than anyone else per employee. They put in whatever was negotiated, just like all the rest." Did you read anything I posted or did you simply throw another one of your classic tantrums. Let me post again and try to pay attention this time: Today the ratio has swung to one active ups employee funding for two retirees. Now just to address your point when it gets down to UPS being the last company left in the central states plan then yes ups will be expected to fund it and keep it going above and beyond the contractual language. The IRS minimum funding requirements place increased potential liability on the remaining companies in a mult-employer pension plan. OK you really need to do your homework instead of trying to defend something you know nothing about. [/QUOTE]
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