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More gloom and doom..CS is tanking
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<blockquote data-quote="Mugarolla" data-source="post: 1590764" data-attributes="member: 8481"><p>Not only that, but UPS is the only company in the country that would have to make up any reduction in Central States pension.</p><p></p><p>Congress did not want their Pension Relief Act to hurt one company, and only one company.</p><p></p><p>UPS also notes that any other company can get the same exception. They have to do what UPS did.</p><p></p><p>1 pay the withdrawal liabilty. UPS did. $6.1B</p><p></p><p>2 set up their own pension. UPS did. </p><p></p><p>3 promise to cover any reductions for their employees in CS in the future. UPS did.</p><p></p><p>Not too many, companies, if any, in CS has the money to do this. UPS does and did.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1590764, member: 8481"] Not only that, but UPS is the only company in the country that would have to make up any reduction in Central States pension. Congress did not want their Pension Relief Act to hurt one company, and only one company. UPS also notes that any other company can get the same exception. They have to do what UPS did. 1 pay the withdrawal liabilty. UPS did. $6.1B 2 set up their own pension. UPS did. 3 promise to cover any reductions for their employees in CS in the future. UPS did. Not too many, companies, if any, in CS has the money to do this. UPS does and did. [/QUOTE]
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