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<blockquote data-quote="Mugarolla" data-source="post: 4580860" data-attributes="member: 8481">As long as Article 14 Section 1, in future Central Region Supplements, contains the following clause:&nbsp; If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset. The problem is that as time goes on, there are less employees with a vested interest in Central States. UPS could try and delete this in future contracts, with fewer employees left with a stake in Central States to vote.The good news is that UPS&#039;s liability, should Central States make cuts, reduces as each one of us die out that can collect a partial pension from Central States.I believe that UPS&#039;s liability, should Central States fail today, is slightly over $2B, and this is the highest it will ever be. As those collecting benefits from Central States, who retired post 2008, die off, that liability reduces.If Central States doesn&#039;t go belly up until 2033, UPS&#039;s liability may only be around $1B. While this is still a huge sum of money, it may not be worth a possible strike to remove that clause in the contract. But then, how many of us will be left in 2033 to vote to strike to protect that pension. I mean, current employees sell out retirees all the time.</blockquote>

[QUOTE="Mugarolla, post: 4580860, member: 8481"] As long as Article 14 Section 1, in future Central Region Supplements, contains the following clause: [I]If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset.[/I] The problem is that as time goes on, there are less employees with a vested interest in Central States. UPS could try and delete this in future contracts, with fewer employees left with a stake in Central States to vote. The good news is that UPS's liability, should Central States make cuts, reduces as each one of us die out that can collect a partial pension from Central States. I believe that UPS's liability, should Central States fail today, is slightly over $2B, and this is the highest it will ever be. As those collecting benefits from Central States, who retired post 2008, die off, that liability reduces. If Central States doesn't go belly up until 2033, UPS's liability may only be around $1B. While this is still a huge sum of money, it may not be worth a possible strike to remove that clause in the contract. But then, how many of us will be left in 2033 to vote to strike to protect that pension. I mean, current employees sell out retirees all the time. [/QUOTE]

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