Central States Pension

Discussion in 'UPS Retirement Topics' started by 20togo, Sep 29, 2019.

  1. 20togo

    20togo New 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.
     
  2. rod

    rod retired and happy

    If you have been there 30 years you should know that you can always count on UPS to do what they say :-)
     
  3. PT Crazy

    PT Crazy Active Member

    Go to union meetings and find out. The question comes up often. It is best to hear the information first hand.
     
  4. upschuck

    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.
     
  5. oldngray

    oldngray nowhere special

    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.
     
  6. rod

    rod retired and happy

    Now the question is--who will be around longer--UPS or the people