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Brown Cafe UPS Forum
UPS Union Issues
Yet another pension collapse under H. This one at local 707.
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<blockquote data-quote="35years" data-source="post: 2123572" data-attributes="member: 60822"><p>UPS has just under 8 Billion in unfunded pension liabilities across all of its defined benefit plans. </p><p></p><p>"As of Dec. 31, U.S. defined benefit plan assets totaled $28.89 billion, while projected benefit obligations totaled $36.85 billion, for a funding ratio of 78.4%, according to the 10-K."</p><p></p><p><a href="http://www.pionline.com/article/20160225/ONLINE/160229922/ups-charts-116-billion-in-us-pension-plan-contributions-for-2016" target="_blank">http://www.pionline.com/article/201...ion-in-us-pension-plan-contributions-for-2016</a></p><p></p><p>Since UPS contributes approximately $1.16 Billion yearly, TOTAL to all of its plans, the $8 Billion deficit is concerning to say the least. Additionally the funding gap has been increasing and accelerating! </p><p></p><p><a href="http://www.browncafe.com/community/threads/ups-charts-1-16-billion-in-u-s-pension-plan-contributions-for-2016.368596/" target="_blank">http://www.browncafe.com/community/...s-pension-plan-contributions-for-2016.368596/</a></p></blockquote><p></p>
[QUOTE="35years, post: 2123572, member: 60822"] UPS has just under 8 Billion in unfunded pension liabilities across all of its defined benefit plans. "As of Dec. 31, U.S. defined benefit plan assets totaled $28.89 billion, while projected benefit obligations totaled $36.85 billion, for a funding ratio of 78.4%, according to the 10-K." [URL='http://www.pionline.com/article/20160225/ONLINE/160229922/ups-charts-116-billion-in-us-pension-plan-contributions-for-2016']http://www.pionline.com/article/201...ion-in-us-pension-plan-contributions-for-2016[/URL] Since UPS contributes approximately $1.16 Billion yearly, TOTAL to all of its plans, the $8 Billion deficit is concerning to say the least. Additionally the funding gap has been increasing and accelerating! [URL='http://www.browncafe.com/community/threads/ups-charts-1-16-billion-in-u-s-pension-plan-contributions-for-2016.368596/']http://www.browncafe.com/community/...s-pension-plan-contributions-for-2016.368596/[/URL] [/QUOTE]
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UPS Union Issues
Yet another pension collapse under H. This one at local 707.
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