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Brown Cafe UPS Forum
UPS Union Issues
What happened in the 2008 contract??
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<blockquote data-quote="brownIEman" data-source="post: 651131" data-attributes="member: 14596"><p>your explanation does not answer the question of whether or not the fund would have gone bankrupt without UPS' withdrawal payment.</p><p></p><p>Also, your last paragraph is rather curious. What good would it have done UPS to pay in 6.1 billion as added contributions which would have been diluted among UPSers and members of the pension from other employers, and yet not gotten UPS out of the multi-employer plan in which UPS was one of the few remaining viable employers having an ever increasing burden placed upon it to pay for the retirements of people who never contributed a minute of work for UPS?</p></blockquote><p></p>
[QUOTE="brownIEman, post: 651131, member: 14596"] your explanation does not answer the question of whether or not the fund would have gone bankrupt without UPS' withdrawal payment. Also, your last paragraph is rather curious. What good would it have done UPS to pay in 6.1 billion as added contributions which would have been diluted among UPSers and members of the pension from other employers, and yet not gotten UPS out of the multi-employer plan in which UPS was one of the few remaining viable employers having an ever increasing burden placed upon it to pay for the retirements of people who never contributed a minute of work for UPS? [/QUOTE]
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What happened in the 2008 contract??
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