Central States Pension

20togo

Member
I am thinking of retiring in 2020. What is the chance Ups actually covers the losses l will incur when Central States goes bellyup? I know the contract says Ups will cover them but really how long do you think they will? I figure I will get what I can sooner than later.
 

rod

#1 on Upstates "list"
I am thinking of retiring in 2020. What is the chance Ups actually covers the losses l will incur when Central States goes bellyup? I know the contract says Ups will cover them but really how long do you think they will? I figure I will get what I can sooner than later.
If you have been there 30 years you should know that you can always count on UPS to do what they say :-)
 

PT Crazy

Well-Known Member
Go to union meetings and find out. The question comes up often. It is best to hear the information first hand.
 

upschuck

Well-Known Member
Until the numbers of those in the CS and can vote dwindle down to a few. Then ups will bargain that out of the supplement.
 

oldngray

nowhere special
Until the numbers of those in the CS and can vote dwindle down to a few. Then ups will bargain that out of the supplement.
UPS promises to cover pensions now. Because they have to. Only a matter of time before that changes in a future contract.

Although natural mortality will eventually eliminate the problem for UPS anyway.
 

rod

#1 on Upstates "list"
UPS promises to cover pensions now. Because they have to. Only a matter of time before that changes in a future contract.

Although natural mortality will eventually eliminate the problem for UPS anyway.
Now the question is--who will be around longer--UPS or the people
 
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