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Brown Cafe UPS Forum
UPS Union Issues
$13000 additional pension contribution to each member
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<blockquote data-quote="DELACROIX" data-source="post: 3345599" data-attributes="member: 49065"><p>I believe the 5 billion went to the UPS Pension plan for part timers, the UPS Retirement Plan for High Salary management and the IBT/UPS pension plan for previous Central States members. The breakdown of the all the investments into the three plans would be interesting, like which plan got the most contributions. Kind of misleading article considering that all these pension plans get annually monetary contributions at the end of the year to maintain manatory funding ratios. It had nothing to do with generosity toward thier employees.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3345599, member: 49065"] I believe the 5 billion went to the UPS Pension plan for part timers, the UPS Retirement Plan for High Salary management and the IBT/UPS pension plan for previous Central States members. The breakdown of the all the investments into the three plans would be interesting, like which plan got the most contributions. Kind of misleading article considering that all these pension plans get annually monetary contributions at the end of the year to maintain manatory funding ratios. It had nothing to do with generosity toward thier employees. [/QUOTE]
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$13000 additional pension contribution to each member
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