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UPS Pressroom News
UPS, Teamsters to Restructure New England Pension Plan
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<blockquote data-quote="Sammy" data-source="post: 1014672" data-attributes="member: 43076"><p>For UPS, this structure allows the company <span style="color: #ff0000">to <span style="font-family: 'arial black'">freeze its liability in the original pool</span></span></p><p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">This statement does not sound good if you have 30 years of service today. When the original pool is drained of its assets UPS is not legally liable to pay for pension benefits before September 15, 2012. This sounds very similar to what has happened to the Central States Buyout during the last contract. </span></p> <p style="text-align: left"><span style="color: #000000"></span></p></blockquote><p></p>
[QUOTE="Sammy, post: 1014672, member: 43076"] For UPS, this structure allows the company [COLOR=#ff0000]to [FONT=arial black]freeze its liability in the original pool[/FONT][/COLOR] [LEFT][COLOR=#000000] This statement does not sound good if you have 30 years of service today. When the original pool is drained of its assets UPS is not legally liable to pay for pension benefits before September 15, 2012. This sounds very similar to what has happened to the Central States Buyout during the last contract. [/COLOR][/LEFT] [/QUOTE]
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UPS, Teamsters to Restructure New England Pension Plan
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