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Brown Cafe UPS Forum
UPS Union Issues
Pension fix
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<blockquote data-quote="DELACROIX" data-source="post: 3966111" data-attributes="member: 49065"><p>I believe that at the end of 2017 UPS contributed way over the amount required to cover the the promised benefit amounts. It was over 5 billion, the difference could be that the interest collected from the pensions trusts reduced that annually contribution down to 19 million in 2018. They did state that they got a 14 percent interest rate on their pension plans in 2017. </p><p></p><p>The IBT/UPS Pension plan in the Central would be considered a UPS controlled defined pension plan, not a contributory monetary plan like for example the Western Conference's.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3966111, member: 49065"] I believe that at the end of 2017 UPS contributed way over the amount required to cover the the promised benefit amounts. It was over 5 billion, the difference could be that the interest collected from the pensions trusts reduced that annually contribution down to 19 million in 2018. They did state that they got a 14 percent interest rate on their pension plans in 2017. The IBT/UPS Pension plan in the Central would be considered a UPS controlled defined pension plan, not a contributory monetary plan like for example the Western Conference's. [/QUOTE]
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