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Bonus Babies: You are ruining UPS!
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<blockquote data-quote="JonFrum" data-source="post: 735669" data-attributes="member: 18044"><p>Believe it or not, in multi-employer funds, the onus is on the contributing employer(s) for as long as the retiree(s) and surviving spouse(s) live.</p><p> </p><p>Fund managers should try to make a good return on fund assets, but that isn't always possible, and can't be mandated by law. Any time there is a shortfall, the contributing employer(s) are legally obligated to increase contributions, pay an excise tax to the fund, or make a Withdrawal Liability payment.</p><p> </p><p>Of course, employers will try to pass as much of the burden off onto employees in future contract negotiations, but legally employers are the ones on the hook.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 735669, member: 18044"] Believe it or not, in multi-employer funds, the onus is on the contributing employer(s) for as long as the retiree(s) and surviving spouse(s) live. Fund managers should try to make a good return on fund assets, but that isn't always possible, and can't be mandated by law. Any time there is a shortfall, the contributing employer(s) are legally obligated to increase contributions, pay an excise tax to the fund, or make a Withdrawal Liability payment. Of course, employers will try to pass as much of the burden off onto employees in future contract negotiations, but legally employers are the ones on the hook. [/QUOTE]
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Bonus Babies: You are ruining UPS!
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