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UPS Union Issues
Nys teamsters pension & retirement fund
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<blockquote data-quote="BigUnionGuy" data-source="post: 3185764" data-attributes="member: 4992"><p>Central States, is the one that came up with number for the withdraw liability.</p><p></p><p>Maybe I'm not the pension expert.... but, if a company can pay the withdraw</p><p></p><p>liability what's from stopping them ? Especially when they're offering an</p><p></p><p>alternative pension plan that puts the liability for funding (shortfalls) on them ?</p><p></p><p>That just sounds like basic contract negotiation to me.</p><p></p><p></p><p>Maybe [USER=37112]@Inthegame[/USER] could offer some insight.</p><p></p><p>I always look forward to his opinion.</p><p></p><p></p><p></p><p></p><p></p><p>The writing was on the wall, no doubt.</p><p></p><p>I mean.... CF had just shut the doors without paying their obligation.</p><p></p><p>Just more orphans added to the fund.</p><p></p><p></p><p></p><p>-Bug-</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 3185764, member: 4992"] Central States, is the one that came up with number for the withdraw liability. Maybe I'm not the pension expert.... but, if a company can pay the withdraw liability what's from stopping them ? Especially when they're offering an alternative pension plan that puts the liability for funding (shortfalls) on them ? That just sounds like basic contract negotiation to me. Maybe [USER=37112]@Inthegame[/USER] could offer some insight. I always look forward to his opinion. The writing was on the wall, no doubt. I mean.... CF had just shut the doors without paying their obligation. Just more orphans added to the fund. -Bug- [/QUOTE]
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