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Brown Cafe UPS Forum
UPS Union Issues
Anyone in the 177 get the Critical pension level status letter?
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<blockquote data-quote="Inthegame" data-source="post: 2828745" data-attributes="member: 37112"><p>Maybe the actuary had up to date pct's rather than year end reports.</p><p> </p><p>Not sure on the L177 plan but the industry has absorbed several mortality table increases (people live longer) which stresses funded pcts. Also many <u>multi employer</u> plans are (prudently) lowering their assumed rate of return which changes forecasts and lowers funding pcts.</p><p> </p><p>Conversely UPS's Plan (<u>a single employer plan</u>) used an 8.75 assumption rate making their plan appear to be over 100% funded. How much you wanna bet they won't hit 8.75 per year for the next 20 years? </p><p> </p><p>One of the few things Congress has done correctly is force plan admins and Trustees to more accurately report pension plans status.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2828745, member: 37112"] Maybe the actuary had up to date pct's rather than year end reports. Not sure on the L177 plan but the industry has absorbed several mortality table increases (people live longer) which stresses funded pcts. Also many [U]multi employer[/U] plans are (prudently) lowering their assumed rate of return which changes forecasts and lowers funding pcts. Conversely UPS's Plan ([U]a single employer plan[/U]) used an 8.75 assumption rate making their plan appear to be over 100% funded. How much you wanna bet they won't hit 8.75 per year for the next 20 years? One of the few things Congress has done correctly is force plan admins and Trustees to more accurately report pension plans status. [/QUOTE]
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Anyone in the 177 get the Critical pension level status letter?
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