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Brown Cafe UPS Forum
UPS Retirement Topics
Central States Pension- UPS retirees
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<blockquote data-quote="satellitedriver" data-source="post: 719183" data-attributes="member: 1664"><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong><span style="color: DarkGreen"><strong>No theory involved, just fact.</strong></span></p><p><span style="color: DarkGreen"><strong>UPS has met every legal obligation to Central States.</strong></span></p><p><span style="color: DarkGreen"><strong>Central States sent a letter out over a year ago, to those covered under the CS pension plan.</strong></span></p><p><span style="color: DarkGreen"><strong>Basically, it said that by 2012 that the fund will be broke and taken over by the federal authorities.</strong></span></p><p><span style="color: DarkGreen"><strong>UPS's liabilities and responsibilities only apply to the years after 2007, in the new pension program.</strong></span></p><p><span style="color: DarkGreen"><strong>Contractually UPS has to make good Central States pension promises, until the 2013 contract.</strong></span></p><p><span style="color: DarkGreen"><strong>2013 will be when we find out.</strong></span></p><p><span style="color: DarkGreen"><strong>Heck, the world is suppose to end in 2012, so why worry.<img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></strong></span></p><p><span style="color: DarkGreen"><strong> </strong></span></p><p><span style="color: DarkGreen"><strong></strong></span></p><p><span style="color: DarkGreen"><strong></strong></span><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 719183, member: 1664"] [B][COLOR=DarkGreen] [/COLOR][/B][COLOR=DarkGreen][B]No theory involved, just fact. UPS has met every legal obligation to Central States. Central States sent a letter out over a year ago, to those covered under the CS pension plan. Basically, it said that by 2012 that the fund will be broke and taken over by the federal authorities. UPS's liabilities and responsibilities only apply to the years after 2007, in the new pension program. Contractually UPS has to make good Central States pension promises, until the 2013 contract. 2013 will be when we find out. Heck, the world is suppose to end in 2012, so why worry.:peaceful: [/B][/COLOR][B][COLOR=DarkGreen] [/COLOR][/B] [/QUOTE]
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