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 #1 on Upstates "list"

    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 #1 on Upstates "list"

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