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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="tieguy" data-source="post: 52975"><p>"Look a little further down the road. </p><p>Current rumor is we hourlies will take a two year wage freeze so UPS can get the 4 billion dollar buy out of the pension....thus the reference to "...save their (UPS) ass"." </p><p> </p><p>Interesting reference. You are talking about UPS paying 4 billion to buy out a pension as saving UPS's ass? </p><p> </p><p>In either case I don't think it will happen. I think the price to buy out a pension plan has gotten too expense. That is why I think UPS is going for the partitioning of multi-employer plans proposed in congress.</p></blockquote><p></p>
[QUOTE="tieguy, post: 52975"] "Look a little further down the road. Current rumor is we hourlies will take a two year wage freeze so UPS can get the 4 billion dollar buy out of the pension....thus the reference to "...save their (UPS) ass"." Interesting reference. You are talking about UPS paying 4 billion to buy out a pension as saving UPS's ass? In either case I don't think it will happen. I think the price to buy out a pension plan has gotten too expense. That is why I think UPS is going for the partitioning of multi-employer plans proposed in congress. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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