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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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<blockquote data-quote="oldngray" data-source="post: 1862885" data-attributes="member: 45230"><p>It looks to me like Central States cut the tier 3 UPS Teamsters by the same amount as others, but then are using UPS agreement to make up the difference.</p><p></p><p>I agree with you about the carve out. The way I understood it was the pension plan wouldn't be able to make cuts that way but it looks like they did it anyway to force UPS to pay.</p><p></p><p>The plan still has to be reviewed and OK'ed and the changes are not effective until July 2016. The Feds may not approve the plan as proposed.</p></blockquote><p></p>
[QUOTE="oldngray, post: 1862885, member: 45230"] It looks to me like Central States cut the tier 3 UPS Teamsters by the same amount as others, but then are using UPS agreement to make up the difference. I agree with you about the carve out. The way I understood it was the pension plan wouldn't be able to make cuts that way but it looks like they did it anyway to force UPS to pay. The plan still has to be reviewed and OK'ed and the changes are not effective until July 2016. The Feds may not approve the plan as proposed. [/QUOTE]
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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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