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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: 1873799" data-attributes="member: 28826"><p><a href="http://www.pionline.com/article/20151002/ONLINE/151009957/central-states-teamsters-pension-fund-seeks-permission-to-cut-benefits" target="_blank">http://www.pionline.com/article/20151002/ONLINE/151009957/central-states-teamsters-pension-fund-seeks-permission-to-cut-benefits</a></p><p></p><p><a href="http://researchcenter.pionline.com/rankings/plan-sponsor/profiles/429855/overview" target="_blank">United Parcel Service Inc.</a> participants in Central States are a special “transfer group” category, created when UPS withdrew from the pension fund in 2007 and later promised in a labor agreement that its own pension plan would cover any reductions allowed by law for active or former UPS employees in the plan as of Dec. 29, 2007.</p><p></p><p>The UPS protections “are a positive thing,” said Ken P,</p></blockquote><p></p>
[QUOTE="UPSmechanicinblue, post: 1873799, member: 28826"] [URL]http://www.pionline.com/article/20151002/ONLINE/151009957/central-states-teamsters-pension-fund-seeks-permission-to-cut-benefits[/URL] [URL='http://researchcenter.pionline.com/rankings/plan-sponsor/profiles/429855/overview']United Parcel Service Inc.[/URL] participants in Central States are a special “transfer group” category, created when UPS withdrew from the pension fund in 2007 and later promised in a labor agreement that its own pension plan would cover any reductions allowed by law for active or former UPS employees in the plan as of Dec. 29, 2007. The UPS protections “are a positive thing,” said Ken P, [/QUOTE]
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