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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="pretzel_man" data-source="post: 54914"><p>ok2bclever: </p><p> </p><p>The way you describe the benefit calculations, it sounds like an accumulation of many single employer plans? The only difference being that the company does not have control of the funds? </p><p> </p><p>You implied that each company pays for the benefits of only their employees. </p><p> </p><p>This seems contrary to what I've read from Judge Moran and what the congressional hearings said. </p><p> </p><p>If what you say is true, then it would be true that if UPS employees pulled out of the plan, no other teamsters would be impacted. </p><p> </p><p>Maybe I misread what you wrote? </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 54914"] ok2bclever: The way you describe the benefit calculations, it sounds like an accumulation of many single employer plans? The only difference being that the company does not have control of the funds? You implied that each company pays for the benefits of only their employees. This seems contrary to what I've read from Judge Moran and what the congressional hearings said. If what you say is true, then it would be true that if UPS employees pulled out of the plan, no other teamsters would be impacted. Maybe I misread what you wrote? P-Man [/QUOTE]
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