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Brown Cafe UPS Forum
UPS Union Issues
Tyler B speaks...
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<blockquote data-quote="BigUnionGuy" data-source="post: 4429854" data-attributes="member: 4992"><p>Are you sure about that ?</p><p></p><p></p><p><em>"At the time of approval, it was the third multiemployer fund to receive approval for benefit reductions, and is the largest to date. As of Jan. 1, 2017, the plan was <u>37.8%</u> funded, with $1.28 billion in assets and $3.39 billion in liabilities."</em></p><p><em></em></p><p><a href="https://www.pionline.com/article/20180731/ONLINE/180739964/new-york-teamsters-retirees-sue-u-s-for-approving-pension-cuts-under-mpra" target="_blank">New York Teamsters retirees sue U.S. for approving pension cuts under MPRA</a></p><p></p><p></p><p></p><p></p><p></p><p><em>"More specifically, the Plan's actuary determined that the Plan's funded percentage is <u>65%</u> or less and the Plan is projected to have an accumulated funding deficiency within the next four years."</em></p><p><em></em></p><p><a href="https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/public-disclosure/status-notices/critical/2019/new-york-state-teamsters-conference-pension-and-retirement-fund.pdf" target="_blank">https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/public-disclosure/status-notices/critical/2019/new-york-state-teamsters-conference-pension-and-retirement-fund.pdf</a></p><p></p><p></p><p><em></em></p><p><em></em></p><p><em></em></p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 4429854, member: 4992"] Are you sure about that ? [I]"At the time of approval, it was the third multiemployer fund to receive approval for benefit reductions, and is the largest to date. As of Jan. 1, 2017, the plan was [U]37.8%[/U] funded, with $1.28 billion in assets and $3.39 billion in liabilities." [/I] [URL="https://www.pionline.com/article/20180731/ONLINE/180739964/new-york-teamsters-retirees-sue-u-s-for-approving-pension-cuts-under-mpra"]New York Teamsters retirees sue U.S. for approving pension cuts under MPRA[/URL] [I]"More specifically, the Plan's actuary determined that the Plan's funded percentage is [U]65%[/U] or less and the Plan is projected to have an accumulated funding deficiency within the next four years." [/I] [URL]https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/public-disclosure/status-notices/critical/2019/new-york-state-teamsters-conference-pension-and-retirement-fund.pdf[/URL] [I] [/I] [/QUOTE]
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