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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="isdrone" data-source="post: 54928"><p>ok2b et al. </p><p>If UPS participated in a pension fund that was comprised of only UPSers, yes, it would lower pension costs without lowering benefits. If you remember in 97' the $3,000 at 30 years came from the company first. The union matched it. UPS's liabilities for these funds would be in the billions if the funds were insolvent. It is a shame that it has come to this, but there really is not a solution that will appease everyone - including non-UPS Teamsters.</p></blockquote><p></p>
[QUOTE="isdrone, post: 54928"] ok2b et al. If UPS participated in a pension fund that was comprised of only UPSers, yes, it would lower pension costs without lowering benefits. If you remember in 97' the $3,000 at 30 years came from the company first. The union matched it. UPS's liabilities for these funds would be in the billions if the funds were insolvent. It is a shame that it has come to this, but there really is not a solution that will appease everyone - including non-UPS Teamsters. [/QUOTE]
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