If you have been there 30 years you should know that you can always count on UPS to do what they sayI 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.
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.
Now the question is--who will be around longer--UPS or the peopleUPS 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.