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Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
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<blockquote data-quote="Bustrbyte" data-source="post: 255282" data-attributes="member: 5322"><p>No</p><p>Lets say CS is 55% funded(I don't know what the exact % is) the unfunded liability is 45%. So our pension is 55% funded. The 6BL would be the amount to make up the 45% for just our employees. It's required by law to pull out. That 6 BL goes into the fund. It is not earmarked for us. That may put the fund up to 70% funded(or whatever). So that leaves everyone in the fund 70% funded including us. Fair or not thats the way it is.</p></blockquote><p></p>
[QUOTE="Bustrbyte, post: 255282, member: 5322"] No Lets say CS is 55% funded(I don't know what the exact % is) the unfunded liability is 45%. So our pension is 55% funded. The 6BL would be the amount to make up the 45% for just our employees. It's required by law to pull out. That 6 BL goes into the fund. It is not earmarked for us. That may put the fund up to 70% funded(or whatever). So that leaves everyone in the fund 70% funded including us. Fair or not thats the way it is. [/QUOTE]
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Worst part of contract
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