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Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2102136" data-attributes="member: 12570"><p>Turns out the FNN was wrong on this one. UPS has no interest in buying us out of our pension; however, they do have approx. $2B in an unfunded liability which the Union is trying to get them to pay. If the company were to pay the $2B our pension would be more than adequately funded and no reductions or other changes would need to be made.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2102136, member: 12570"] Turns out the FNN was wrong on this one. UPS has no interest in buying us out of our pension; however, they do have approx. $2B in an unfunded liability which the Union is trying to get them to pay. If the company were to pay the $2B our pension would be more than adequately funded and no reductions or other changes would need to be made. [/QUOTE]
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