Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
Teamsters face 31 percent pension cut
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Inthegame" data-source="post: 2706668" data-attributes="member: 37112"><p>Pension plans set benefit levels according to contribution rates. If your employer has a low contribution rate, you'll get a lower benefit. If employers go out of business without paying their unfunded/withdrawal liability, all existing employers (including participating local unions) have increased liability to support the "orphans". The law has changed and now plans can cut those benefits.</p><p></p><p>They will face the same cut as is determined to any other participating employers depending on contribution rates.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2706668, member: 37112"] Pension plans set benefit levels according to contribution rates. If your employer has a low contribution rate, you'll get a lower benefit. If employers go out of business without paying their unfunded/withdrawal liability, all existing employers (including participating local unions) have increased liability to support the "orphans". The law has changed and now plans can cut those benefits. They will face the same cut as is determined to any other participating employers depending on contribution rates. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
Teamsters face 31 percent pension cut
Top