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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="BigUnionGuy" data-source="post: 4723173" data-attributes="member: 4992"><p>Totally agree.</p><p></p><p>The problem with the 4-1 ratio is, you'll never get returns on investments high enough to make up the shortfall.</p><p></p><p>If I remember correctly, after the reduction of the accrual rate in 2002, all re-negotiated contracts had to have</p><p></p><p>an increase in pension contributions of at least 8%.... or the IBT wouldn't approve the contract being voted on.</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 4723173, member: 4992"] Totally agree. The problem with the 4-1 ratio is, you'll never get returns on investments high enough to make up the shortfall. If I remember correctly, after the reduction of the accrual rate in 2002, all re-negotiated contracts had to have an increase in pension contributions of at least 8%.... or the IBT wouldn't approve the contract being voted on. [/QUOTE]
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