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Brown Cafe UPS Forum
UPS Retirement Topics
UPS talks pension cuts in letter to share holders.
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<blockquote data-quote="Little Brownie Girl" data-source="post: 2126117"><p>SEC Filings indicate that the management has "extended the life expectancy rate of retired pensioners" so they can "readjust the pension data" to reflect or "justify" reduction thus causing a lowering of monthly because the dividend into the divisor reduces the resulting quotient...</p><p></p><p>Demographic and Assumption Changes ($150 million pre-tax loss): The</p><p> implementation of new U.S. mortality tables in 2014 resulted in an</p><p> increased participant life expectancy assumption, which increased the</p><p> overall projected benefit obligation for our plans.</p></blockquote><p></p>
[QUOTE="Little Brownie Girl, post: 2126117"] SEC Filings indicate that the management has "extended the life expectancy rate of retired pensioners" so they can "readjust the pension data" to reflect or "justify" reduction thus causing a lowering of monthly because the dividend into the divisor reduces the resulting quotient... Demographic and Assumption Changes ($150 million pre-tax loss): The implementation of new U.S. mortality tables in 2014 resulted in an increased participant life expectancy assumption, which increased the overall projected benefit obligation for our plans. [/QUOTE]
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UPS talks pension cuts in letter to share holders.
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