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Brown Cafe UPS Forum
UPS Union Issues
HOFFA , HALL AND OBRIEN campaign announcement
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<blockquote data-quote="Inthegame" data-source="post: 1599896" data-attributes="member: 37112"><p>Prior results have nothing to do with the timing of the situation. Had UPS not paid their withdrawal liability in 2007, that number would have been proportionately larger today <strong>because</strong> of the meltdown of 2008. The market wiped away 35% of the CS holdings. The market didn't wipe away a penny of UPS's withdrawal obligation had they not exercised the option of withdrawing.</p><p>If UPS contributions were still being made after 2008 and the fund enjoyed several years of excess roi as it has, CS Pension would be in better shape today.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1599896, member: 37112"] Prior results have nothing to do with the timing of the situation. Had UPS not paid their withdrawal liability in 2007, that number would have been proportionately larger today [B]because[/B] of the meltdown of 2008. The market wiped away 35% of the CS holdings. The market didn't wipe away a penny of UPS's withdrawal obligation had they not exercised the option of withdrawing. If UPS contributions were still being made after 2008 and the fund enjoyed several years of excess roi as it has, CS Pension would be in better shape today. [/QUOTE]
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