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Brown Cafe UPS Forum
UPS Partners
Management Retirement at 59
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<blockquote data-quote="Yankfan" data-source="post: 1189026" data-attributes="member: 47932"><p>So if I understand what you are saying, it is also your feeling that UPS will buy out the pension at some point in the future. However, with interest rates so low, the current return on annuities isn't enough to cover current pension obligations being paid out now? But if interest rates rise, this would result in a better payout by annuities, prompting UPS to produce a low-ball buyout program to dissolve the pension plan and get out from under future pension obligations while still being able to cover cost of current pension obligation by purchasing the higher yielding annuities? Is that an accurate summary of your thoughts?</p><p></p><p>Just a reminder, I would love for someone to give some insight as to why they think this WILL NOT HAPPEN - I could use some good news for a change.</p></blockquote><p></p>
[QUOTE="Yankfan, post: 1189026, member: 47932"] So if I understand what you are saying, it is also your feeling that UPS will buy out the pension at some point in the future. However, with interest rates so low, the current return on annuities isn't enough to cover current pension obligations being paid out now? But if interest rates rise, this would result in a better payout by annuities, prompting UPS to produce a low-ball buyout program to dissolve the pension plan and get out from under future pension obligations while still being able to cover cost of current pension obligation by purchasing the higher yielding annuities? Is that an accurate summary of your thoughts? Just a reminder, I would love for someone to give some insight as to why they think this WILL NOT HAPPEN - I could use some good news for a change. [/QUOTE]
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