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Brown Cafe UPS Forum
UPS Union Issues
Question for Central Staters
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<blockquote data-quote="gman" data-source="post: 54876"><p>I believe they would. It would cost them a fraction of what they are paying now to provide equal or better benefits. Also, the devestation of the pension fund does not eliminate the collective bargaining agreement. As you said, they are still legally liable to support the plan. We will be in virgin territory should this happen. The government will not be able to support all the plans that are failing. There will be some compromises in the federal government made along the way to see that those companys that can provide benefits will continue to do so. I don't think UPS is going to walk away with billions and let the tax payer foot the bill. But how it will work out is another question. As with social security, too much was promised and somebody was using fuzzy math to figure out how to pay it back.</p></blockquote><p></p>
[QUOTE="gman, post: 54876"] I believe they would. It would cost them a fraction of what they are paying now to provide equal or better benefits. Also, the devestation of the pension fund does not eliminate the collective bargaining agreement. As you said, they are still legally liable to support the plan. We will be in virgin territory should this happen. The government will not be able to support all the plans that are failing. There will be some compromises in the federal government made along the way to see that those companys that can provide benefits will continue to do so. I don't think UPS is going to walk away with billions and let the tax payer foot the bill. But how it will work out is another question. As with social security, too much was promised and somebody was using fuzzy math to figure out how to pay it back. [/QUOTE]
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