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Brown Cafe UPS Forum
UPS Retirement Topics
REFORM PLAN FOR Central States Pension Plan
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<blockquote data-quote="UPSmechanicinblue" data-source="post: 1873798" data-attributes="member: 28826"><p>hope your wrong</p><p><a href="https://www.mcguirewoods.com/Client-Resources/Alerts/2015/10/Central-States-Pension-Fund-Reducing-Benefits.aspx" target="_blank">https://www.mcguirewoods.com/Client-Resources/Alerts/2015/10/Central-States-Pension-Fund-Reducing-Benefits.aspx</a></p><p></p><ul> <li data-xf-list-type="ul"><strong>UPS Transfer Group.</strong> MPRA contains a special ordering rule protecting participants whose employers withdrew from a plan but paid their full withdrawal liability and guaranteed the benefits of participants employed by them. Under the terms of its 2007 withdrawal from Central States, United Parcel Service Inc. (UPS) paid its full withdrawal liability and promised in a separate union agreement to cover any benefits reduced for certain UPS employees. Central States estimates that 48,000 participants would face no net loss of benefits due to this UPS guarantee.</li> </ul></blockquote><p></p>
[QUOTE="UPSmechanicinblue, post: 1873798, member: 28826"] hope your wrong [URL]https://www.mcguirewoods.com/Client-Resources/Alerts/2015/10/Central-States-Pension-Fund-Reducing-Benefits.aspx[/URL] [LIST] [*][B]UPS Transfer Group.[/B] MPRA contains a special ordering rule protecting participants whose employers withdrew from a plan but paid their full withdrawal liability and guaranteed the benefits of participants employed by them. Under the terms of its 2007 withdrawal from Central States, United Parcel Service Inc. (UPS) paid its full withdrawal liability and promised in a separate union agreement to cover any benefits reduced for certain UPS employees. Central States estimates that 48,000 participants would face no net loss of benefits due to this UPS guarantee. [/LIST] [/QUOTE]
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REFORM PLAN FOR Central States Pension Plan
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