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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="Old International" data-source="post: 733829" data-attributes="member: 14916"><p>Central States was badly hurt by several trucking companies that went belly up. Carolina, Mclean, just to name a few. When the companies died, central states was on the hook for the pensions, but didn't have the died companies providing for the input to the plan. To make things worse, UPS drivers make a fair more then other companies, so our contribution is larger. These two facts, along with bad decisions in the 2003? contract, have doomed central states.</p></blockquote><p></p>
[QUOTE="Old International, post: 733829, member: 14916"] Central States was badly hurt by several trucking companies that went belly up. Carolina, Mclean, just to name a few. When the companies died, central states was on the hook for the pensions, but didn't have the died companies providing for the input to the plan. To make things worse, UPS drivers make a fair more then other companies, so our contribution is larger. These two facts, along with bad decisions in the 2003? contract, have doomed central states. [/QUOTE]
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Dreaded Pension Funding Level Letter
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