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Brown Cafe UPS Forum
UPS Discussions
Teamsters pension cut
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<blockquote data-quote="Inthegame" data-source="post: 2703375" data-attributes="member: 37112"><p>Not really. UPS's unfunded liability increases as the funds assets decrease. Only the plan participants, not UPS, can vote to reduce benefits if the plan meets certain criteria. Even if the plan was forced into bankruptcy and taken over by the PBGC, UPS's growing liability continues.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2703375, member: 37112"] Not really. UPS's unfunded liability increases as the funds assets decrease. Only the plan participants, not UPS, can vote to reduce benefits if the plan meets certain criteria. Even if the plan was forced into bankruptcy and taken over by the PBGC, UPS's growing liability continues. [/QUOTE]
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