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Current part timer curious as to what changes 2018 contract will bring to driver pension.
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2495801" data-attributes="member: 12570"><p>Employers who pull out of a pension fund are supposed to pay their unfunded liability before doing so.</p><p></p><p>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.</p><p></p><p>UPS pays 76% of the total contributions per month to our fund. Pulling out would basically leave the fund in complete disarray.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2495801, member: 12570"] 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. [/QUOTE]
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Current part timer curious as to what changes 2018 contract will bring to driver pension.
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