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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: 1922977" data-attributes="member: 8481"><p>UPS didn't pony up a dime in relief for the CSPF.</p><p></p><p>They did pay their withdrawal liability in order to exit from the fund. This was not a relief to the fund.</p><p></p><p>They did promise to make up any cuts to retirees after 2008, but this is not a relief to the CSPF. The CSPF cuts will still be implemented.</p><p></p><p>The only relief that UPS gave was to retirees after 2008, not to the CSPF.</p><p></p><p>And UPS has not matched any cuts yet, we will see if they do.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1922977, member: 8481"] UPS didn't pony up a dime in relief for the CSPF. They did pay their withdrawal liability in order to exit from the fund. This was not a relief to the fund. They did promise to make up any cuts to retirees after 2008, but this is not a relief to the CSPF. The CSPF cuts will still be implemented. The only relief that UPS gave was to retirees after 2008, not to the CSPF. And UPS has not matched any cuts yet, we will see if they do. [/QUOTE]
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