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Brown Cafe UPS Forum
UPS Discussions
More gloom and doom..CS is tanking
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<blockquote data-quote="UPSmechanicinblue" data-source="post: 1597175" data-attributes="member: 28826"><p>I don't think the 6 billion payed means anything for UPS retirees. Any company that withdraws from Central States is slapped with a withdraw liability. Even ones that decertify from the union or members switch to a company based 401K or pension. This is a federal law that they have to pay a withdraw liability that goes into the fund and is used for anyone drawing from the fund.</p></blockquote><p></p>
[QUOTE="UPSmechanicinblue, post: 1597175, member: 28826"] I don't think the 6 billion payed means anything for UPS retirees. Any company that withdraws from Central States is slapped with a withdraw liability. Even ones that decertify from the union or members switch to a company based 401K or pension. This is a federal law that they have to pay a withdraw liability that goes into the fund and is used for anyone drawing from the fund. [/QUOTE]
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More gloom and doom..CS is tanking
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