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Brown Cafe UPS Forum
UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="wyobill" data-source="post: 196087" data-attributes="member: 7338"><p>UPS wants out of all these multi - employer pension funds.</p><p>The last thing they want to do is take one over. I cant imagine that would be even be legal to take over a fund. </p><p> I understood the goverment came close taking control</p><p>of Central States if they didnt do something fast. Thats </p><p>why we had the pension reform.</p><p> Central States has been severly underfunded for many </p><p>years. Around 60% is what I have been told.</p></blockquote><p></p>
[QUOTE="wyobill, post: 196087, member: 7338"] UPS wants out of all these multi - employer pension funds. The last thing they want to do is take one over. I cant imagine that would be even be legal to take over a fund. I understood the goverment came close taking control of Central States if they didnt do something fast. Thats why we had the pension reform. Central States has been severly underfunded for many years. Around 60% is what I have been told. [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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