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UPS Retirement Topics
Pension Protection Act
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<blockquote data-quote="my2cents" data-source="post: 54351"><p>Subcommittee Passes Comprehensive Pension Reforms to Protect Workers, Retirees, &amp; Taxpayers </p><p></p><p><strong>WASHINGTON , D.C. </strong> In the first major step toward fixing outdated worker pension laws, the House Employer-Employee Relations Subcommittee today approved the Pension Protection Act (H.R. 2830), comprehensive pension reform legislation intended to protect the interests of workers, retirees, and taxpayers. The bill was approved by voice vote; a full committee vote is expected next Wednesday.</p><p></p><p>Above is an excerpt from today's House press release.</p><p></p><p>On a related note, I recently received a brochure from the UPSPAC, which lists pensions as a key issue for 2005. Moreover, the brochure states of the 21 multiemployer pension plans, which UPS contributes to, 10 of those plans are less than 75% funded.</p></blockquote><p></p>
[QUOTE="my2cents, post: 54351"] Subcommittee Passes Comprehensive Pension Reforms to Protect Workers, Retirees, & Taxpayers [B]WASHINGTON , D.C. [/B] In the first major step toward fixing outdated worker pension laws, the House Employer-Employee Relations Subcommittee today approved the Pension Protection Act (H.R. 2830), comprehensive pension reform legislation intended to protect the interests of workers, retirees, and taxpayers. The bill was approved by voice vote; a full committee vote is expected next Wednesday. Above is an excerpt from today's House press release. On a related note, I recently received a brochure from the UPSPAC, which lists pensions as a key issue for 2005. Moreover, the brochure states of the 21 multiemployer pension plans, which UPS contributes to, 10 of those plans are less than 75% funded. [/QUOTE]
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