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Brown Cafe UPS Forum
UPS Union Issues
BOSTON BULLY = CRITICAL AND DECLINING
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<blockquote data-quote="Inthegame" data-source="post: 2705715" data-attributes="member: 37112"><p>If the plan is 100% funded there is no hook. The idea is to make it uncomfortable so Bill won't walk away at the next negotiation. So when pension plans get close to 100%, trustees increase benefits to lower the funding pct which increases withdrawal/unfunded liability and re-sharpens the hook.</p><p>The problem is when Bill (Hostess, etc.) walks away and doesn't pay the unfunded liability, that bill is absorbed by the remaining participating employers.</p><p><strong>Hence</strong> the attraction of the hybrid model.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2705715, member: 37112"] If the plan is 100% funded there is no hook. The idea is to make it uncomfortable so Bill won't walk away at the next negotiation. So when pension plans get close to 100%, trustees increase benefits to lower the funding pct which increases withdrawal/unfunded liability and re-sharpens the hook. The problem is when Bill (Hostess, etc.) walks away and doesn't pay the unfunded liability, that bill is absorbed by the remaining participating employers. [B]Hence[/B] the attraction of the hybrid model. [/QUOTE]
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BOSTON BULLY = CRITICAL AND DECLINING
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