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 Discussions
Can you retire under this contract? Y/N
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: 5429143" data-attributes="member: 49065"><p>I believe that the Union negotiated solid language about the Company making up the difference if the Central went under back in 2007 when they bought out of their Central States liabilities. It only applied to the active UPS members, those retired prior to 2008 were fair game. There is more behind the scenes with this Federal Bailout, which was heavily lobbied by both parties. Will the Company try to rid any responsibilities associated by eliminating that protective language in the 2023 Contract?</p><p></p><p>The Company will never get their way with the Western pension plans like they did with the Central...they are too well funded and more importantly growing.</p><p></p><p>The timing of the Company eliminating additional vesting and monetary contributions means something. Those management plans were well funded from the get go, maybe too much so? <img class="smilie smilie--emoji" loading="lazy" alt="🤔" title="Thinking face :thinking:" src="https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f914.png" data-shortname=":thinking:" /></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5429143, member: 49065"] I believe that the Union negotiated solid language about the Company making up the difference if the Central went under back in 2007 when they bought out of their Central States liabilities. It only applied to the active UPS members, those retired prior to 2008 were fair game. There is more behind the scenes with this Federal Bailout, which was heavily lobbied by both parties. Will the Company try to rid any responsibilities associated by eliminating that protective language in the 2023 Contract? The Company will never get their way with the Western pension plans like they did with the Central...they are too well funded and more importantly growing. The timing of the Company eliminating additional vesting and monetary contributions means something. Those management plans were well funded from the get go, maybe too much so? 🤔 [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Can you retire under this contract? Y/N
Top