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Brown Cafe UPS Forum
UPS Retirement Topics
UPS, Teamsters considering joint pension plan
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<blockquote data-quote="dragracer66" data-source="post: 198109" data-attributes="member: 5175"><p>In most case's with a single funded pension fund the company will invest the money and the interest will pay the contribution's so basically in reality the pension fund is 100% funded, not the 39% that the teamsters are now. There are some companies in my union that haven't contributed in year's because of the investment's they made and they are 100% funded.</p></blockquote><p></p>
[QUOTE="dragracer66, post: 198109, member: 5175"] In most case's with a single funded pension fund the company will invest the money and the interest will pay the contribution's so basically in reality the pension fund is 100% funded, not the 39% that the teamsters are now. There are some companies in my union that haven't contributed in year's because of the investment's they made and they are 100% funded. [/QUOTE]
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UPS, Teamsters considering joint pension plan
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