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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="Mugarolla" data-source="post: 1876715" data-attributes="member: 8481"><p>The deal to withdraw from the CSPF was done in 2007. The contract containing the clause to make up the pension was not implemented until August 1, 2008.</p><p></p><p>The talks were already in progress and this clause was part of the withdrawal agreement in 2007, but the contract did not become effective until 8 months after the pension withdrawal.</p><p></p><p>So the article is correct. The pension withdrawal happened in December 2007 and the language making up any CSPF reduction was implemented the next year in 2008.</p><p></p><p>The article is incorrect though that the agreement was negotiated due to the stock market crash. The agreement was part of the pension withdrawal conditions.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1876715, member: 8481"] The deal to withdraw from the CSPF was done in 2007. The contract containing the clause to make up the pension was not implemented until August 1, 2008. The talks were already in progress and this clause was part of the withdrawal agreement in 2007, but the contract did not become effective until 8 months after the pension withdrawal. So the article is correct. The pension withdrawal happened in December 2007 and the language making up any CSPF reduction was implemented the next year in 2008. The article is incorrect though that the agreement was negotiated due to the stock market crash. The agreement was part of the pension withdrawal conditions. [/QUOTE]
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REFORM PLAN FOR Central States Pension Plan
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