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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: 54918"><p>It seems to me that the article was pretty accurate and fair. </p><p> </p><p>This line is important: </p><p> </p><p>"Multiemployer plans were set up so that workers who tend to move from employer to employer within various unionized industries could maintain retirement-benefit plans negotiated under a common union contract." </p><p> </p><p>I'm not sure how true this statement is of UPSers. </p><p> </p><p>A multi-employer fund to me seems like a big insurance policy. You pool money from various sources and payout to all stakeholders. </p><p> </p><p>It reduces risk overall, but those at the top end pay for the others... </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 54918"] It seems to me that the article was pretty accurate and fair. This line is important: "Multiemployer plans were set up so that workers who tend to move from employer to employer within various unionized industries could maintain retirement-benefit plans negotiated under a common union contract." I'm not sure how true this statement is of UPSers. A multi-employer fund to me seems like a big insurance policy. You pool money from various sources and payout to all stakeholders. It reduces risk overall, but those at the top end pay for the others... P-Man [/QUOTE]
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