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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="my2cents" data-source="post: 54901"><p>To put the liability factor of remaining contributing employers into perspective, here is a quote from Mr. Lynch's testimony before the Senate on June 7, 2005: "This will only add further cost to what is already one very stark financial fact of life for the Central States fund: half of its annual benefit payments now go to beneficiaries who no longer have a current contributing employer." Mr. Lynch, is the President and CEO of the Motor Freight Carriers Association.</p></blockquote><p></p>
[QUOTE="my2cents, post: 54901"] To put the liability factor of remaining contributing employers into perspective, here is a quote from Mr. Lynch's testimony before the Senate on June 7, 2005: "This will only add further cost to what is already one very stark financial fact of life for the Central States fund: half of its annual benefit payments now go to beneficiaries who no longer have a current contributing employer." Mr. Lynch, is the President and CEO of the Motor Freight Carriers Association. [/QUOTE]
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