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UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="my2cents" data-source="post: 166621" data-attributes="member: 1287"><p>Sorry Jon,</p><p></p><p>I wanted to post the data as a table on the forum, but due to formatting issues, it couldn't be done. The character limit did me in, so I was forced to create a .pdf file. Anyway, below is an abridged version. I had to leave off the assets and liabilities data though.</p><p></p><p>Central States - 56%</p><p>Western Conference - 99%</p><p>New England Fund - 52%</p><p>NYS Teamsters - 59%</p><p>Local 804 IBT & 447 IAM - 53%</p><p>Local 177 - 57%</p><p>Central Penn. Teamsters - 66%</p><p>Western Penn. Teamsters - 61%</p><p>Trust Fund of Phil. & Vicinity - 62%</p><p>Local 639 - 100%</p><p>Locals 175 & 505 - 65%</p><p>Joint Council No. 83 - 73%</p><p>Local 705 - 73%</p><p>Local 710 - 89%</p><p>Milwaukee Drivers - 70%</p><p>Teamsters Negotiated - 70%</p><p>IAM National - 119% </p><p></p><p>I realize there are other ways of calculating funding ratios and I have seen other types, but I like to use the method from the Congressional Research Service Report because it is simple, plus there are other calculations inside the Report, such as active participants to retiree ratios, etc. In short, all the methods necessary for calculating pension health from a standard Form 5500 are in there.</p></blockquote><p></p>
[QUOTE="my2cents, post: 166621, member: 1287"] Sorry Jon, I wanted to post the data as a table on the forum, but due to formatting issues, it couldn't be done. The character limit did me in, so I was forced to create a .pdf file. Anyway, below is an abridged version. I had to leave off the assets and liabilities data though. Central States - 56% Western Conference - 99% New England Fund - 52% NYS Teamsters - 59% Local 804 IBT & 447 IAM - 53% Local 177 - 57% Central Penn. Teamsters - 66% Western Penn. Teamsters - 61% Trust Fund of Phil. & Vicinity - 62% Local 639 - 100% Locals 175 & 505 - 65% Joint Council No. 83 - 73% Local 705 - 73% Local 710 - 89% Milwaukee Drivers - 70% Teamsters Negotiated - 70% IAM National - 119% I realize there are other ways of calculating funding ratios and I have seen other types, but I like to use the method from the Congressional Research Service Report because it is simple, plus there are other calculations inside the Report, such as active participants to retiree ratios, etc. In short, all the methods necessary for calculating pension health from a standard Form 5500 are in there. [/QUOTE]
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