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Brown Cafe UPS Forum
UPS Union Issues
Bye Bye Pension and Hello to matching 401k coming in 2023?
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<blockquote data-quote="Inthegame" data-source="post: 3722901" data-attributes="member: 37112"><p>And before you get too excited, no one broke any requirements of ERISA since Congress passed MPRA in 2014 and removed the protective provisions of ERISA which now allows red zone plans to reduce benefits. In a bizarre ruling, the Treasury dept refused the "rescue" plan as being insufficient to save the CSPF. </p><p>Somehow inaction was deemed sufficient. Madness.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 3722901, member: 37112"] And before you get too excited, no one broke any requirements of ERISA since Congress passed MPRA in 2014 and removed the protective provisions of ERISA which now allows red zone plans to reduce benefits. In a bizarre ruling, the Treasury dept refused the "rescue" plan as being insufficient to save the CSPF. Somehow inaction was deemed sufficient. Madness. [/QUOTE]
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Bye Bye Pension and Hello to matching 401k coming in 2023?
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