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Brown Cafe UPS Forum
The Latest UPS Headlines
Teamsters face 31 percent pension cut
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2835390" data-attributes="member: 12570"><p>Well.....it's "official":</p><p></p><p>The proposed cuts have been lowered to 18% for actives and 29% for retirees and will be effective Oct. 1st of this year. The rehab plan application has been accepted by the Treasury and voting will begin sometime next month. The treasury will monitor the voting process and has the right to ignore the results of the vote and impose the cuts, which is most likely what is going to happen.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2835390, member: 12570"] Well.....it's "official": The proposed cuts have been lowered to 18% for actives and 29% for retirees and will be effective Oct. 1st of this year. The rehab plan application has been accepted by the Treasury and voting will begin sometime next month. The treasury will monitor the voting process and has the right to ignore the results of the vote and impose the cuts, which is most likely what is going to happen. [/QUOTE]
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Teamsters face 31 percent pension cut
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