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Brown Cafe UPS Forum
UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="my2cents" data-source="post: 166228" data-attributes="member: 1287"><p>According to a 2005 UPSPAC brochure, UPS contributes to 21 separate multi-employer pension plans and 17 of them are attached with funding ratios calculated. Despite a lack of hard data to truly verify all of them as multi-employer plans UPS contributes to, this poster believes the compiled list is fairly accurate. If a reader of this board finds one or more of the plans listed in error, please post the corrected information. On the other hand, if one is a participant in a plan not listed, please post the name of the plan and I will search it out in the free Erisa database and post the resulting calculations in the same manner demonstrated below. There are a couple of more plans, which I suspect could be on the list, although I could be wrong. These plans are Maryland based ones - Truck Drivers & Helpers Local Union No. 355 Retirement Pension (Baltimore) and the Hagerstown Motor Carriers and Teamsters Pension Plan. Furthermore, and this is purely speculation on my part, the other two could be IAM plans.</p><p></p><p>The latest available Form 5500 data was used for performing the calculations by searching the database on <a href="http://freeerisa.benefitspro.com/" target="_blank">freeERISA.com</a>. The method for the calculation follows the one employed in <em>Trucking: The Less-than-Truckload (LTL) Industry and Pension, Safety, and Security Issues</em>, Congressional Research Service Report RL32257, April 19, 2004. The Total Assets figure is derived from Schedule H, Part 1, Line 1df(b). The Current Liability uses the RPA 94 figure from Schedule B, Part 1, Line 1d(2)(a). Assets were divided into liabilities to obtain the funding ratio.</p></blockquote><p></p>
[QUOTE="my2cents, post: 166228, member: 1287"] According to a 2005 UPSPAC brochure, UPS contributes to 21 separate multi-employer pension plans and 17 of them are attached with funding ratios calculated. Despite a lack of hard data to truly verify all of them as multi-employer plans UPS contributes to, this poster believes the compiled list is fairly accurate. If a reader of this board finds one or more of the plans listed in error, please post the corrected information. On the other hand, if one is a participant in a plan not listed, please post the name of the plan and I will search it out in the free Erisa database and post the resulting calculations in the same manner demonstrated below. There are a couple of more plans, which I suspect could be on the list, although I could be wrong. These plans are Maryland based ones - Truck Drivers & Helpers Local Union No. 355 Retirement Pension (Baltimore) and the Hagerstown Motor Carriers and Teamsters Pension Plan. Furthermore, and this is purely speculation on my part, the other two could be IAM plans. The latest available Form 5500 data was used for performing the calculations by searching the database on [URL='http://freeerisa.benefitspro.com/']freeERISA.com[/URL]. The method for the calculation follows the one employed in [I]Trucking: The Less-than-Truckload (LTL) Industry and Pension, Safety, and Security Issues[/I], Congressional Research Service Report RL32257, April 19, 2004. The Total Assets figure is derived from Schedule H, Part 1, Line 1df(b). The Current Liability uses the RPA 94 figure from Schedule B, Part 1, Line 1d(2)(a). Assets were divided into liabilities to obtain the funding ratio. [/QUOTE]
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