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Brown Cafe UPS Forum
UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="tieguy" data-source="post: 122138" data-attributes="member: 1912"><p>As of 2003 11 of 21 multi-employer funds ups participates in were funded at 70 percent or less. With these funds the IRS can step in and demand the employers step in and increase the contributions to the fund until the fund is healthy again. In the case of Central States this could be catastrophic since UPS is one of the few employers still feeding into that plan. Sounds like anonymous Jon is an IBT pension stalwart who will now tell us why this central states pension plan is the next best thing to sliced bread.</p></blockquote><p></p>
[QUOTE="tieguy, post: 122138, member: 1912"] As of 2003 11 of 21 multi-employer funds ups participates in were funded at 70 percent or less. With these funds the IRS can step in and demand the employers step in and increase the contributions to the fund until the fund is healthy again. In the case of Central States this could be catastrophic since UPS is one of the few employers still feeding into that plan. Sounds like anonymous Jon is an IBT pension stalwart who will now tell us why this central states pension plan is the next best thing to sliced bread. [/QUOTE]
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UPS subsidizing non ups pensions
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