Current part timer curious as to what changes 2018 contract will bring to driver pension.

[UpstateNYUPSer(Ret)]

Pulling out may create a future liability.

Pulling out normally prevents said liability.

 

[UpstateNYUPSer(Ret)]

Crazy stuff. We southerners depend on pulling out to decrease liability.

Do the siblings get upset when this happens?

 

[Box Ox]

Do the siblings get upset when this happens?

Only if somebody misses their period.

 

[1989]

Pulling out normally prevents said liability.

My point is, a major contributor pulling out of an adequately funded fund could destabilize it. Therefore creating a future liability greater than the 16K annual obligation per FT employee.

 

[UpstateNYUPSer(Ret)]

My point is, a major contributor pulling out of an adequately funded fund could destabilize it. Therefore creating a future liability greater than the 16K annual obligation per FT employee.

Employers who pull out of a pension fund are supposed to pay their unfunded liability before doing so.

UPS has an unfunded liability of $3.2B which they would have to pay if they were to pull us out of the Upstate NY Teamsters Pension Fund. Rumor is that they are considering this and would most likely spread their liability over 10-20 years.

UPS pays 76% of the total contributions per month to our fund. Pulling out would basically leave the fund in complete disarray.

 

[Mst3k]

So are we all in agreement what we should never pull out?

 

[1989]

So are we all in agreement what we should never pull out?

Use a condom.

 

[Mst3k]

Get your mind out of the gutter

 

[UpstateNYUPSer(Ret)]

Get your mind out of the gutter

Wrong website.

 

[clean hairy]

Probably the reason you couldn't find the information is because it hasn't happened yet. No one on this forum is psychic and if they were, then they are idiots for staying here and not playing the lottery.

And betting on the Horses at the races, and the Roulette tables as well....