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UPS Retirement Topics
Pension for p/t sup
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<blockquote data-quote="DELACROIX" data-source="post: 3902301" data-attributes="member: 49065"><p>The defined pension plans that I stated have always been controlled by the company, managed by the same trustees (Board of Trustees) and the (Plan Administrators). The point is that for the most part UPS has been contributing about 10 X more annually into their UPS Retirement Plan for it's High Salary employees than it's controlled UPS Pension Plan for union employees. It was managed much better than the underfunded Central States fund which for the most part has been under Federal observation for the last 30 years. The killer was the deregulation of the trucking companies back in the day and their bailing out of their future obligations for their </p><p>projected retirees. Again look at the assets of the plans and tell me that one plan in particular has been funded than the other two, figures do not lie.</p><p></p><p></p><p></p><p>Back at the end of 2017 the UPS Retirement Plan was vested over 100 percent, how it did in 2018 we do not know yet. The 100 percent vesting ratio means that UPS would not have to contribute any new annually contributions to cover their future pension liability for paying the promised benefits for everybody vested in that plan. Any Plan with just 70 percent vesting ratio is still considered healthy.</p><p></p><p>What Teamster Plan are you under?</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3902301, member: 49065"] The defined pension plans that I stated have always been controlled by the company, managed by the same trustees (Board of Trustees) and the (Plan Administrators). The point is that for the most part UPS has been contributing about 10 X more annually into their UPS Retirement Plan for it's High Salary employees than it's controlled UPS Pension Plan for union employees. It was managed much better than the underfunded Central States fund which for the most part has been under Federal observation for the last 30 years. The killer was the deregulation of the trucking companies back in the day and their bailing out of their future obligations for their projected retirees. Again look at the assets of the plans and tell me that one plan in particular has been funded than the other two, figures do not lie. Back at the end of 2017 the UPS Retirement Plan was vested over 100 percent, how it did in 2018 we do not know yet. The 100 percent vesting ratio means that UPS would not have to contribute any new annually contributions to cover their future pension liability for paying the promised benefits for everybody vested in that plan. Any Plan with just 70 percent vesting ratio is still considered healthy. What Teamster Plan are you under? [/QUOTE]
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