Pension reform clear in 1 regard: It will be costly

Discussion in 'The Latest UPS Headlines' started by ROBO MOD, Aug 26, 2006.


    ROBO MOD I'm a Robot Staff Member

  2. STLFeeder

    STLFeeder Need LS7 powered PKG car

    For those who want to know how this new law effects us..

    Although companies such as United Parcel Service Inc., General Electric Co., Wachovia Corp. and Merck & Co. aren't expected to make any additional pension contributions based on old rules, Zion calculates they would each have to contribute more than $100 million this year if the new rules were fully in effect, instead of phased in over time.