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UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="my2cents" data-source="post: 162024" data-attributes="member: 1287"><p>Excellent post Jon Frum on searching the Free Erisa database. I've been reading your posts on the pension issue for the past several months and finally decided to respond. I used to post on this board, but stopped over a year ago because of all the negative and loopy posts. It's refreshing to come here and find a nugget of information that's worth my time to read.</p><p></p><p>The database search tip is a good one. Personally, I had trouble finding the New England Fund because I always used the term "New England" as my search term. The word "trustees" always threw off the search results, even though it really shouldn't. Anyway, as a fellow NETTIPF participant, I've been ordering the Form 5500 filings from the DOL and performing my own calculations in regards to the funding ratio. My own calculation takes the Total Net Assets of Schedule H, Part 1 Section 1(friend)(b) and dividing this figure into the current liability on Schedule B, Part 1, Section 1(d)(2)(a). After performing this calculation on the 2004 Form 5500 filing, I have the New England Fund clocking in at 52% - 3.4 billion in assets divided by 6.5 billion in liabilities. The next Form 5500 should be interesting because it should show the sale of the Heritage REIT. I'm wondering if the sale of the REIT will lift the funding ratio any.</p><p></p><p>There is one research project I would like to do if I knew the names of all the funds. I would like to calculate the funding ratios of all 21 multi-employer pension plans UPS contributes to. This research could be extended to include other important factors one finds on the site Know Your Pension. FWIW, they have created some useful tables of information using criteria from the 36 largest pension plans in America. Your Pension Health</p></blockquote><p></p>
[QUOTE="my2cents, post: 162024, member: 1287"] Excellent post Jon Frum on searching the Free Erisa database. I've been reading your posts on the pension issue for the past several months and finally decided to respond. I used to post on this board, but stopped over a year ago because of all the negative and loopy posts. It's refreshing to come here and find a nugget of information that's worth my time to read. The database search tip is a good one. Personally, I had trouble finding the New England Fund because I always used the term "New England" as my search term. The word "trustees" always threw off the search results, even though it really shouldn't. Anyway, as a fellow NETTIPF participant, I've been ordering the Form 5500 filings from the DOL and performing my own calculations in regards to the funding ratio. My own calculation takes the Total Net Assets of Schedule H, Part 1 Section 1(friend)(b) and dividing this figure into the current liability on Schedule B, Part 1, Section 1(d)(2)(a). After performing this calculation on the 2004 Form 5500 filing, I have the New England Fund clocking in at 52% - 3.4 billion in assets divided by 6.5 billion in liabilities. The next Form 5500 should be interesting because it should show the sale of the Heritage REIT. I'm wondering if the sale of the REIT will lift the funding ratio any. There is one research project I would like to do if I knew the names of all the funds. I would like to calculate the funding ratios of all 21 multi-employer pension plans UPS contributes to. This research could be extended to include other important factors one finds on the site Know Your Pension. FWIW, they have created some useful tables of information using criteria from the 36 largest pension plans in America. Your Pension Health [/QUOTE]
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