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Brown Cafe UPS Forum
UPS Union Issues
Pension fix
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<blockquote data-quote="Inthegame" data-source="post: 3966035" data-attributes="member: 37112"><p>These figures are from contributions to UPS controlled single employer plans.</p><p></p><p>UPS uses available accounting methods to manipulate these contributions by various actuarial schemes such as inflating assumption rates. The "funding levels" then appear to be above the minimum 80% requirement.</p><p></p><p>Contributions to multi employer plans have obligatory contributions that have minor fluctuations (normally moving up) according to requirements of the controlling CBA's and number of covered employees.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 3966035, member: 37112"] These figures are from contributions to UPS controlled single employer plans. UPS uses available accounting methods to manipulate these contributions by various actuarial schemes such as inflating assumption rates. The "funding levels" then appear to be above the minimum 80% requirement. Contributions to multi employer plans have obligatory contributions that have minor fluctuations (normally moving up) according to requirements of the controlling CBA's and number of covered employees. [/QUOTE]
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