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<blockquote data-quote="trickpony1" data-source="post: 210256" data-attributes="member: 1957"><p>"which we will do for what reason?". </p><p>The reason is money.......the same reason the company does everything else.</p><p>I've heard that if the company takes full control of the pension (the "UPS dollars for UPS people" battle cry) then, at some point, the fund will have so much money in it the interest alone will perpetuate it. This is, essentially, a good business decision as the company no longer throws money at a pension plan that supports other pensioners of companies no longer in business. The problem I have is if our company gets full control, what shenanigans will they pull on us?</p><p>The same logic applies to our company being self-insured. If a company has enough money they are protected. Liberty Mutual just administers the company's insurance.</p></blockquote><p></p>
[QUOTE="trickpony1, post: 210256, member: 1957"] "which we will do for what reason?". The reason is money.......the same reason the company does everything else. I've heard that if the company takes full control of the pension (the "UPS dollars for UPS people" battle cry) then, at some point, the fund will have so much money in it the interest alone will perpetuate it. This is, essentially, a good business decision as the company no longer throws money at a pension plan that supports other pensioners of companies no longer in business. The problem I have is if our company gets full control, what shenanigans will they pull on us? The same logic applies to our company being self-insured. If a company has enough money they are protected. Liberty Mutual just administers the company's insurance. [/QUOTE]
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