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Brown Cafe UPS Forum
UPS Retirement Topics
Central States Pension
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<blockquote data-quote="Mugarolla" data-source="post: 4101381" data-attributes="member: 8481"><p>Correct.</p><p></p><p></p><p></p><p>Right now, they are contractually and legally bound to pay.</p><p></p><p>It is not only written into the contract, it is also written into the pension language.</p><p></p><p>This is why UPS came up with their own bailout plan for the CSPF last year.</p><p></p><p>Some sort of bailout could save UPS billions.</p><p></p><p>Will they pay if and when the time comes?</p><p></p><p>I cannot predict the future. </p><p></p><p>The only thing in life that is guaranteed is death and taxes.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 4101381, member: 8481"] Correct. Right now, they are contractually and legally bound to pay. It is not only written into the contract, it is also written into the pension language. This is why UPS came up with their own bailout plan for the CSPF last year. Some sort of bailout could save UPS billions. Will they pay if and when the time comes? I cannot predict the future. The only thing in life that is guaranteed is death and taxes. [/QUOTE]
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