Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
94%
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="DELACROIX" data-source="post: 4850919" data-attributes="member: 49065"><p>Got mine also...In 2018 the UPS Pension Plan had unbelievable investment returns. Study the flip side on the first page, without the interest returns they would have to contribute 717,173,751 at the end of that year, with the investment interest returns they only had to pay out 270,727,261 to cover the promised benefits for their part time employees. We are about half way done with 2021, and with the way the markets are going UPS is going to save a lot of money, particularly with the Central States bail out.</p><p></p><p>That is why there has only minor token improvements for anybody under the company controlled pension plans. Why does the plan stop incurring benefits at the service level of 35 years for the part time member whereas the IBT pension plan for full timers continues providing increases pass the 35 year limit and also increases with the age of the retirees.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4850919, member: 49065"] Got mine also...In 2018 the UPS Pension Plan had unbelievable investment returns. Study the flip side on the first page, without the interest returns they would have to contribute 717,173,751 at the end of that year, with the investment interest returns they only had to pay out 270,727,261 to cover the promised benefits for their part time employees. We are about half way done with 2021, and with the way the markets are going UPS is going to save a lot of money, particularly with the Central States bail out. That is why there has only minor token improvements for anybody under the company controlled pension plans. Why does the plan stop incurring benefits at the service level of 35 years for the part time member whereas the IBT pension plan for full timers continues providing increases pass the 35 year limit and also increases with the age of the retirees. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
94%
Top