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UPS Discussions
Pension Discrepancy across country
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<blockquote data-quote="kingOFchester" data-source="post: 1194375" data-attributes="member: 11246"><p>I would love to have all UPS teamsters in one plan managed by which ever fund has the best history.</p><p></p><p>However, there are a lot of locals where the pension is a multi-employer fund. Most companies, unlike UPS, were hit hard by the deep recession and put a hurt on the pension funds. These funds would be destroyed if we left those funds and put into a UPSers only fund. It is unfortunate, but I can't see how it would be possible.</p><p></p><p>Any ideas how this could be done without collapsing the multi-employer funds if we would go into a national teamsters-UPS-pension fund?</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1194375, member: 11246"] I would love to have all UPS teamsters in one plan managed by which ever fund has the best history. However, there are a lot of locals where the pension is a multi-employer fund. Most companies, unlike UPS, were hit hard by the deep recession and put a hurt on the pension funds. These funds would be destroyed if we left those funds and put into a UPSers only fund. It is unfortunate, but I can't see how it would be possible. Any ideas how this could be done without collapsing the multi-employer funds if we would go into a national teamsters-UPS-pension fund? [/QUOTE]
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Pension Discrepancy across country
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