Discussion in 'UPS Discussions' started by brownlif23, Nov 2, 2009.
western states pension plan is fully funded right now will ups try too drag this one down??
Why don't you call them and ask. then get back to us. hear it from the horses mouth. not from us clowns.
How many other companies still have a pension plan still? If you do not like it at UPS then leave.
Go here . . .
and download the Actuary's Letter on Plan Funding Status.
The Plan was 84.7% funded as of 1/1/2009.
Down from 97.1% funded on 1/1/2008.
[It may well have gone up since.]
For what it's worth, UPS is prohibited from suggesting they take over any Teamster Pension Fund by a Memorandum of Understanding located at the end of the Master Agreement. . .
God I hope so! UPS can not afford to bailout another ineptly run Teamster's pension fund that has been funded for the most part by UPS to begin with. I hope all the other are in as good or even better shape. PLEASE!!!
One small point of clarification ... UPS does not have a pension fund for drivers except for the Central States fund. UPS just funds the the Teamster's Pension Plan.
UPS did not bailout Central States.
UPS bailed out of Central States.
UPS paid up the $6.1 billion bill it owed, and left.
I guess one good spin deserves another.
Nevermind the comment.
I like the new image. I need one, but just can't find one I'm happy with.
I'm looking for a guy in a suit whipping aircraft mechanics...
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