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Brown Cafe UPS Forum
UPS Union Issues
I thought UPS bought us out of this multi company plan??
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<blockquote data-quote="scratch" data-source="post: 1102504" data-attributes="member: 1674"><p>What I got from this article is that the IBT wants the Central States Pension Fund to be able to lower its payments to make the money left in there last longer. It expects the new IBT/UPS Pension Fund to pay out more to make up the difference. I have 23 years in the original CS Plan, so it still owes me money. That buyout only meant that UPS and the Teamsters agreed to set up a different plan so that UPS would quit wasting money in a pension plan that is doomed no matter what. The newer plan just makes up the difference, and that is only until the end of this contract unless that is addressed.</p></blockquote><p></p>
[QUOTE="scratch, post: 1102504, member: 1674"] What I got from this article is that the IBT wants the Central States Pension Fund to be able to lower its payments to make the money left in there last longer. It expects the new IBT/UPS Pension Fund to pay out more to make up the difference. I have 23 years in the original CS Plan, so it still owes me money. That buyout only meant that UPS and the Teamsters agreed to set up a different plan so that UPS would quit wasting money in a pension plan that is doomed no matter what. The newer plan just makes up the difference, and that is only until the end of this contract unless that is addressed. [/QUOTE]
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I thought UPS bought us out of this multi company plan??
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