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UPS Retirement Topics
Retirement...contract talks
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<blockquote data-quote="Mugarolla" data-source="post: 2214790" data-attributes="member: 8481"><p>I was not referring to any Teamster plans at the moment. I was referring to anyone who would be entering the UPS pension plan, Central Region, post 2008, with the exception of Akron, I believe.</p><p></p><p>Will not affect the Teamsters, or any other pension plan. It would just divert any would be UPS pension participant into a matching 401K plan.</p><p></p><p>And yes, it would have to be negotiated and approved by the Teamsters, including any matching amount or defined contribution.</p><p></p><p>It is talk and speculation now, but it is what UPS wants. Eliminate the future defined pension liability.</p><p></p><p>Will it happen? Your guess is as good as mine. But a lot of the "me" generation may want it.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2214790, member: 8481"] I was not referring to any Teamster plans at the moment. I was referring to anyone who would be entering the UPS pension plan, Central Region, post 2008, with the exception of Akron, I believe. Will not affect the Teamsters, or any other pension plan. It would just divert any would be UPS pension participant into a matching 401K plan. And yes, it would have to be negotiated and approved by the Teamsters, including any matching amount or defined contribution. It is talk and speculation now, but it is what UPS wants. Eliminate the future defined pension liability. Will it happen? Your guess is as good as mine. But a lot of the "me" generation may want it. [/QUOTE]
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