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Brown Cafe UPS Forum
UPS Union Issues
705 and 710 forced to accept contract.
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<blockquote data-quote="ski or die" data-source="post: 3828217" data-attributes="member: 52818"><p>Over the last 4 years, 710's funding has decreased to 81% for this year. Going down at the rate of 1 to 2% per year. When it drops below 80%, it is in the endangered status. Higher company contributions will help increase funding percentage. Does not make sense to increase pension rate and force it into a status like Central States. If you have x amount in your bank, you wouldn't increase your spending each year, you would learn to budget so you could live comfortably during your retirement.</p></blockquote><p></p>
[QUOTE="ski or die, post: 3828217, member: 52818"] Over the last 4 years, 710's funding has decreased to 81% for this year. Going down at the rate of 1 to 2% per year. When it drops below 80%, it is in the endangered status. Higher company contributions will help increase funding percentage. Does not make sense to increase pension rate and force it into a status like Central States. If you have x amount in your bank, you wouldn't increase your spending each year, you would learn to budget so you could live comfortably during your retirement. [/QUOTE]
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UPS Union Issues
705 and 710 forced to accept contract.
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