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Brown Cafe UPS Forum
UPS Retirement Topics
Pension security
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<blockquote data-quote="Mugarolla" data-source="post: 4123149" data-attributes="member: 8481"><p><em>The New England Fund is almost unique in that over 70% of the employer contributions go into the new <a href="http://www.tdu.org/what_is_a_hybrid_pension_plan" target="_blank"><strong>“hybrid” fund</strong></a>. Employers can agree to pay-off their withdrawal liability over a long period to leave the fund, then re-join the new “hybrid” (also called the “new liability pool”) fund, typically at a lower contribution rate. The hybrid fund is fully funded. UPS and many other employers have taken advantage of this option. The fund is seeking to have more employers move into the new hybrid fund, to securely stabilize the fund.</em></p></blockquote><p></p>
[QUOTE="Mugarolla, post: 4123149, member: 8481"] [I]The New England Fund is almost unique in that over 70% of the employer contributions go into the new [URL='http://www.tdu.org/what_is_a_hybrid_pension_plan'][B]“hybrid” fund[/B][/URL]. Employers can agree to pay-off their withdrawal liability over a long period to leave the fund, then re-join the new “hybrid” (also called the “new liability pool”) fund, typically at a lower contribution rate. The hybrid fund is fully funded. UPS and many other employers have taken advantage of this option. The fund is seeking to have more employers move into the new hybrid fund, to securely stabilize the fund.[/I] [/QUOTE]
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