I am going to speculate about what might happen if this contract is approved: * UPS pulls out, pays 6.1 billion, 4 billion gets paid to Central States(CS) after taxes * CS is then 70% funded and avoids ERISA intervention for 2008 * UPSers in CS keep their years and money in CS(only new funds to new fund) * UPSers look forward to 2 pension checks at retirement 1 CS, 1 new fund * By 2009 CS is less than 70% funded because UPS isn't contributing any more * ERISA regulation begins * Financial situation in CS is bad and will only get worse * ERISA slashes beneifit levels for new and existing retirees to keep it afloat *UPS has no obligation to make up for cuts to CS checks for UPSers **UPS has anticipated this, its in the new contract! *UPSers who are retiring get only part of thier CS pension but all of new pension * Yellow ABF etc. pull out of CS to cut losses and fund goes belly up *UPSers recieve only a fraction of thier CS pension under bankruptcy laws UPS basicaly says I told you so. And at least you have your 5 or so years of the new pension to get you through your golden years;it's not our fault CS went under. LETS BE CLEAR;2 PENSION CHECKS,NO OBLIGATION FOR UPS FOR CS PORTION, EVEN FOR UPSERS!!!!