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UPS Retirement Topics
Surrending CS Pension?
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<blockquote data-quote="wkmac" data-source="post: 72522" data-attributes="member: 2189"><p>Traveler,</p><p>What you said is likely true but the thrust of the news story I saw concerned employer controlled pensions so of course the reference to "compelling companies" was used. If you are concerned UPS will be held specifically liable for CS by law that fear although real may not be a result of the new law. Many, including UPS, has stated publically already using worst case scenarios as examples that in fact could find itself facing being liable for the CS situation if the nuclear option ever came forth. Whether in the end this is true or not is open to speculation but we'll have to wait and see how the legislation gets hammered out.</p><p></p><p>One thing is for sure and the gov't is getting pounded with claims so I'd look for Congress to shift some of that back to the employer's and away from taxpayers as quite frankly that is where it should be anyway. JMO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 72522, member: 2189"] Traveler, What you said is likely true but the thrust of the news story I saw concerned employer controlled pensions so of course the reference to "compelling companies" was used. If you are concerned UPS will be held specifically liable for CS by law that fear although real may not be a result of the new law. Many, including UPS, has stated publically already using worst case scenarios as examples that in fact could find itself facing being liable for the CS situation if the nuclear option ever came forth. Whether in the end this is true or not is open to speculation but we'll have to wait and see how the legislation gets hammered out. One thing is for sure and the gov't is getting pounded with claims so I'd look for Congress to shift some of that back to the employer's and away from taxpayers as quite frankly that is where it should be anyway. JMO. [/QUOTE]
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