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Brown Cafe UPS Forum
UPS Union Issues
Central States Pension - UPS will not cover difference ?
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<blockquote data-quote="beentheredonethat" data-source="post: 2963171" data-attributes="member: 4886"><p>It's almost a certainty that UPS will not continue this in the contract. The people already retired will be left to rot by both UPS and the teamsters. We've already paid for central states twice. Once when they were workign and again by a 6+Billion dollar withdrawal. I think UPS did a calculation that it wouldn't go insolvent by the next contract. Now it's likely it will and UPS won't want to pay for non current workers. I also see a two tier wage finally going in and a move to more 401K.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 2963171, member: 4886"] It's almost a certainty that UPS will not continue this in the contract. The people already retired will be left to rot by both UPS and the teamsters. We've already paid for central states twice. Once when they were workign and again by a 6+Billion dollar withdrawal. I think UPS did a calculation that it wouldn't go insolvent by the next contract. Now it's likely it will and UPS won't want to pay for non current workers. I also see a two tier wage finally going in and a move to more 401K. [/QUOTE]
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