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Brown Cafe UPS Forum
UPS Union Issues
Teamster Pensions - The Ultimate Goal and Weakness of UPS Contract Negotiations
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<blockquote data-quote="Inthegame" data-source="post: 1106309" data-attributes="member: 37112"><p>Apples and fruitcakes...UPS funds their Pension at whatever level necessary to maintain Green Zone (80%) funded status from their rather healthy pot of cash. Non-UPS controlled multi-employer plans rely only on negotiated contributions and market performance for income. Fortunately UPS has remained viable and healthy and can sustain their obligation in this single employer plan. Now if they start acting like Hostess (not likely) that pension pool will evaporate and participants will be SOL, a lesson learned by employees of Enron. Separate the money from the employer, manage it prudently, and defined benefit plans provide lifetime security. Not as easy as it sounds...</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1106309, member: 37112"] Apples and fruitcakes...UPS funds their Pension at whatever level necessary to maintain Green Zone (80%) funded status from their rather healthy pot of cash. Non-UPS controlled multi-employer plans rely only on negotiated contributions and market performance for income. Fortunately UPS has remained viable and healthy and can sustain their obligation in this single employer plan. Now if they start acting like Hostess (not likely) that pension pool will evaporate and participants will be SOL, a lesson learned by employees of Enron. Separate the money from the employer, manage it prudently, and defined benefit plans provide lifetime security. Not as easy as it sounds... [/QUOTE]
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Teamster Pensions - The Ultimate Goal and Weakness of UPS Contract Negotiations
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