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Brown Cafe UPS Forum
UPS Partners
2023 Teamster Contract Negotiation - Partner Edition
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<blockquote data-quote="Johney" data-source="post: 5219612" data-attributes="member: 10995"><p>I wouldn't count on either of those two happening.</p><p></p><p>That's exactly what is was about. UPS wanted to take over the pension fund and Carey didn't want to lose that money. There was no buy out of the pension fund as I recall they just wanted to take it over. Years later they got the Central States plan for what? 6.6 billion? Then pissed all that away. You have to wonder where all our pensions would be had they let them take it over.</p></blockquote><p></p>
[QUOTE="Johney, post: 5219612, member: 10995"] I wouldn't count on either of those two happening. That's exactly what is was about. UPS wanted to take over the pension fund and Carey didn't want to lose that money. There was no buy out of the pension fund as I recall they just wanted to take it over. Years later they got the Central States plan for what? 6.6 billion? Then pissed all that away. You have to wonder where all our pensions would be had they let them take it over. [/QUOTE]
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