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UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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<blockquote data-quote="upschuck" data-source="post: 2207618" data-attributes="member: 49865"><p>I would say more Teamsters, but UPS'ers for sure, but that is just conjecture on my part, because we would never know for sure. I say this because, those withdrawal monies would have had a lot of time to grow in what inthegame says they were in the top 20% in Pension fund performance, and UPS would have to make whole on the UPS'ers in the 10 additional years that they would have withdrawn earlier.</p><p></p><p>I believe the death blow was allowing full contribution credits, for less than full contributions, that is what made this PF unsustainable.</p><p></p><p>Does anyone know how many years of contributions 6.1 billion dollars is?</p></blockquote><p></p>
[QUOTE="upschuck, post: 2207618, member: 49865"] I would say more Teamsters, but UPS'ers for sure, but that is just conjecture on my part, because we would never know for sure. I say this because, those withdrawal monies would have had a lot of time to grow in what inthegame says they were in the top 20% in Pension fund performance, and UPS would have to make whole on the UPS'ers in the 10 additional years that they would have withdrawn earlier. I believe the death blow was allowing full contribution credits, for less than full contributions, that is what made this PF unsustainable. Does anyone know how many years of contributions 6.1 billion dollars is? [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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