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<blockquote data-quote="tieguy" data-source="post: 281934" data-attributes="member: 1912"><p>I'm surprised to see we are borrowing money to pay this bill. Many of the anti contract posters here had led me to believe UPS would pay the 6.1 billion with their pocket change....<img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /></p><p> </p><p>Looks like a calculated gamble to me. Hopefully paying to get out of CS will help our people finally be able to plan on a secure retirement and protect UPS's long term viability against the CS plan folding. Though my understanding is a CS collapse would mean UPS would still be liable for the CS portion of an individuals pension disbursment . So if true then UPS is still not out of the woods by any means with this CS mess. As such this plan really has not done anything for us except get us out of funding the pensions of other retirees which some posters here still try to deny happens. </p><p> </p><p>I don't see any short term gains for us here.This is a long term win twenty or more years down the road. In the mean time ups will pay heavily for this fix.</p></blockquote><p></p>
[QUOTE="tieguy, post: 281934, member: 1912"] I'm surprised to see we are borrowing money to pay this bill. Many of the anti contract posters here had led me to believe UPS would pay the 6.1 billion with their pocket change....:happy-very: Looks like a calculated gamble to me. Hopefully paying to get out of CS will help our people finally be able to plan on a secure retirement and protect UPS's long term viability against the CS plan folding. Though my understanding is a CS collapse would mean UPS would still be liable for the CS portion of an individuals pension disbursment . So if true then UPS is still not out of the woods by any means with this CS mess. As such this plan really has not done anything for us except get us out of funding the pensions of other retirees which some posters here still try to deny happens. I don't see any short term gains for us here.This is a long term win twenty or more years down the road. In the mean time ups will pay heavily for this fix. [/QUOTE]
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