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Brown Cafe UPS Forum
UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="ok2bclever" data-source="post: 52970"><p>robo,</p><p></p><p>wkmac pretty much sums it up.</p><p></p><p>A multi-year wage freeze by itself for any reason would have to be considered saving the company's . . .</p><p></p><p>In this scenario where it's purpose would be to fund the UPS withdrawal from the multi-employer pensions where UPS's legal financial obligations continue to increase significantly with each additional participating company's failure would certainly have to be considered saving the company's . . .</p><p></p><p>I agree with Tie that it is an unlikely scenario at this time and so the company is more likely to proceed with legal modifications to limit their liabilities at their employees expense.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 52970"] robo, wkmac pretty much sums it up. A multi-year wage freeze by itself for any reason would have to be considered saving the company's . . . In this scenario where it's purpose would be to fund the UPS withdrawal from the multi-employer pensions where UPS's legal financial obligations continue to increase significantly with each additional participating company's failure would certainly have to be considered saving the company's . . . I agree with Tie that it is an unlikely scenario at this time and so the company is more likely to proceed with legal modifications to limit their liabilities at their employees expense. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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