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Brown Cafe UPS Forum
UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="UPSStory" data-source="post: 132295" data-attributes="member: 5437"><p>In regards to your original request about information stating that UPS subsidizes Non-UPS pensions</p><p></p><p>The following quote was taken from this document...</p><p>"The Central States plan currently pays approximately $1</p><p>billion annually to 100,000 retirees that <u>lack a contributing employer</u>. Those benefits</p><p>consume nearly 100 percent of the annual contributions received by the plan from all the</p><p><strong>remaining employers</strong>. Contributing employers can no longer shoulder this entire burden</p><p>which is mounting each year."</p><p></p><p>I think this sums it up pretty well...</p></blockquote><p></p>
[QUOTE="UPSStory, post: 132295, member: 5437"] In regards to your original request about information stating that UPS subsidizes Non-UPS pensions The following quote was taken from this document... "The Central States plan currently pays approximately $1 billion annually to 100,000 retirees that [U]lack a contributing employer[/U]. Those benefits consume nearly 100 percent of the annual contributions received by the plan from all the [B]remaining employers[/B]. Contributing employers can no longer shoulder this entire burden which is mounting each year." I think this sums it up pretty well... [/QUOTE]
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