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Brown Cafe UPS Forum
UPS Retirement Topics
Fully or Fooly Funded New (old CS) Plan?
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<blockquote data-quote="crystal_ball" data-source="post: 248662" data-attributes="member: 462"><p>"The agreement allows UPS to withdraw from the Central States Pension Fund and creates a jointly-administered pension fund for affected members. UPS will make a pre-tax $6.1 billion payment to the Central States Plan and will also fully fund the new Plan." from teamsters.org</p><p></p><p>Does this mean that its fully funded to get back in line to where it was before CS started to tear it down?</p><p></p><p>Does everyone in the country get to vote on this plan or only members in the CS area?</p><p></p><p>Remember last contract there were approx. 65% PT to 35% FT total US workforce in the company. The part timers have a full and equal vote.</p></blockquote><p></p>
[QUOTE="crystal_ball, post: 248662, member: 462"] "The agreement allows UPS to withdraw from the Central States Pension Fund and creates a jointly-administered pension fund for affected members. UPS will make a pre-tax $6.1 billion payment to the Central States Plan and will also fully fund the new Plan." from teamsters.org Does this mean that its fully funded to get back in line to where it was before CS started to tear it down? Does everyone in the country get to vote on this plan or only members in the CS area? Remember last contract there were approx. 65% PT to 35% FT total US workforce in the company. The part timers have a full and equal vote. [/QUOTE]
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Fully or Fooly Funded New (old CS) Plan?
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