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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="Bubblehead" data-source="post: 4744697" data-attributes="member: 14176"><p>Those opportunities vanished when UPS paid it's withdraw liability from the Central States pension fund and moved into a single employer pension.</p><p></p><p>There will be no brainstorming by UPS, aside from finding a way out the guarantee to retirees that left since 2008.</p><p></p><p>Oh and btw, the IAM recently cut pension benefits and raised the minimum retirement age, a notion deemed unacceptable by the membership and the government a few years back.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 4744697, member: 14176"] Those opportunities vanished when UPS paid it's withdraw liability from the Central States pension fund and moved into a single employer pension. There will be no brainstorming by UPS, aside from finding a way out the guarantee to retirees that left since 2008. Oh and btw, the IAM recently cut pension benefits and raised the minimum retirement age, a notion deemed unacceptable by the membership and the government a few years back. [/QUOTE]
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