J
JonFrum
Guest
I've notified the paramedics. You'll need 'em after reading ERISA . . .
Like Einstein's Theory of Relativity, Withdrawal Liability is so complicated that only a handful of people really understand it, . . . and I think all of them are just pretending.
For my New England plan, see "Article XV - Employer Withdrawal Liability"
of the "Complete Rules & Regulations" available here . . .
http://www.nettipf.com/plandocs.htm
For the Central States plan, see "Appendix E - Rules & Regulations Pertaining To Employer Withdrawal Liability"
A clickable ERISA index is here . . .
http://benefitslink.com/erisa/crossreference.html
Scroll down to Sections 1381 thru 1405
Current retirees (of UPS or other companies) are normally not effected by current plan events of any kind. ERISA protects them. Their benefits, and everyone else's Vested Benefits, are normally untouchable. It's only *future* benefit accruals that are subject to cuts and restrictions when a pension plan gets in trouble. That's why cuts are so painful. The cuts are concentrated amongst the active participants only. ERISA considers it too nasty to cut the benefits of someone who already was told his vested benefits were secure, especially someone who retired based on that assurance. It is, after all, a *retirement* plan!
Like Einstein's Theory of Relativity, Withdrawal Liability is so complicated that only a handful of people really understand it, . . . and I think all of them are just pretending.
For my New England plan, see "Article XV - Employer Withdrawal Liability"
of the "Complete Rules & Regulations" available here . . .
http://www.nettipf.com/plandocs.htm
For the Central States plan, see "Appendix E - Rules & Regulations Pertaining To Employer Withdrawal Liability"
A clickable ERISA index is here . . .
http://benefitslink.com/erisa/crossreference.html
Scroll down to Sections 1381 thru 1405
Current retirees (of UPS or other companies) are normally not effected by current plan events of any kind. ERISA protects them. Their benefits, and everyone else's Vested Benefits, are normally untouchable. It's only *future* benefit accruals that are subject to cuts and restrictions when a pension plan gets in trouble. That's why cuts are so painful. The cuts are concentrated amongst the active participants only. ERISA considers it too nasty to cut the benefits of someone who already was told his vested benefits were secure, especially someone who retired based on that assurance. It is, after all, a *retirement* plan!