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Brown Cafe UPS Forum
UPS Union Issues
nothing set in stone
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<blockquote data-quote="PiedmontSteward" data-source="post: 1196870" data-attributes="member: 42270"><p>I agree with you -- up until a point. Switching from a company plan to a Taft-Hartley plan is nowhere near the same as switching from a defined pension to a 401k. While UPS is still footing the bill (and will actually be paying MORE in H&W contributions than they are now by the end of the next contract) the liability is off of their books; particularly the $6 billion (and rising) liability of retiree and potential retiree health care costs, which are expected to double over the next 10 years.</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 1196870, member: 42270"] I agree with you -- up until a point. Switching from a company plan to a Taft-Hartley plan is nowhere near the same as switching from a defined pension to a 401k. While UPS is still footing the bill (and will actually be paying MORE in H&W contributions than they are now by the end of the next contract) the liability is off of their books; particularly the $6 billion (and rising) liability of retiree and potential retiree health care costs, which are expected to double over the next 10 years. [/QUOTE]
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nothing set in stone
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