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Brown Cafe UPS Forum
UPS Retirement Topics
Surrending CS Pension?
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<blockquote data-quote="sawman" data-source="post: 72714" data-attributes="member: 1665"><p>With this new pension bill possible becoming law soon, it would force all companies in multi-employeer funds to up there contributions by 15%.</p><p>This would put even more small companies out of business. Who would pick up there pension tab? </p><p> So, with an increase of 15%, it just may be better for UPS to buy there way out.</p><p> One other factor that is never added to the bottom line is the number of people who die before drawing a penny after paying in for years, or the people who only live a year or two after retirement. I for one know of about five that fall into this group. Where is all that money?</p></blockquote><p></p>
[QUOTE="sawman, post: 72714, member: 1665"] With this new pension bill possible becoming law soon, it would force all companies in multi-employeer funds to up there contributions by 15%. This would put even more small companies out of business. Who would pick up there pension tab? So, with an increase of 15%, it just may be better for UPS to buy there way out. One other factor that is never added to the bottom line is the number of people who die before drawing a penny after paying in for years, or the people who only live a year or two after retirement. I for one know of about five that fall into this group. Where is all that money? [/QUOTE]
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