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UPS lost 106 million in Q4
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<blockquote data-quote="DELACROIX" data-source="post: 4351927" data-attributes="member: 49065"><p>The pension hit is for everybody under the Company's controlled pension and Health and Welfare plans, Union and Non...</p><p></p><p>The (Transformation) hit is a separate factor.</p><p></p><p>In another three years in will be The (UPS Retirement Plan) and a separate plan for really high salary executives for will be solved. A vast majority of our union members in the Central and Southern have vested time under the company controlled UPS Pension Plan (mostly part time time) under the collective bargaining agreement. It is a defined benefit plan and therefore subject to continuing funding at the end of year to maintain the benefits promised.</p><p></p><p>Said this before and we will see if that "Pension Plan" for mostly part timers will be on the chopping block in 2023 contract. It is being set up as a non factor, considering the high turnover of our current part time union employees who will never attain the 5 years to be considered vested.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4351927, member: 49065"] The pension hit is for everybody under the Company's controlled pension and Health and Welfare plans, Union and Non... The (Transformation) hit is a separate factor. In another three years in will be The (UPS Retirement Plan) and a separate plan for really high salary executives for will be solved. A vast majority of our union members in the Central and Southern have vested time under the company controlled UPS Pension Plan (mostly part time time) under the collective bargaining agreement. It is a defined benefit plan and therefore subject to continuing funding at the end of year to maintain the benefits promised. Said this before and we will see if that "Pension Plan" for mostly part timers will be on the chopping block in 2023 contract. It is being set up as a non factor, considering the high turnover of our current part time union employees who will never attain the 5 years to be considered vested. [/QUOTE]
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UPS lost 106 million in Q4
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