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UPS, Teamsters to Restructure New England Pension Plan
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<blockquote data-quote="bluehdmc" data-source="post: 1014890" data-attributes="member: 18471"><p>No I'm talking about when UPS got out of Central States so they would no longer be liable for the pension obligations. The problem with multi-employer plans is as more and more employers have gone out of business the employers that are still in business end up paying retirees that did not work for them. Since these retirees are still collecting pensions the remaining companies have larger liabilities or the funds become "underfunded" or both.</p></blockquote><p></p>
[QUOTE="bluehdmc, post: 1014890, member: 18471"] No I'm talking about when UPS got out of Central States so they would no longer be liable for the pension obligations. The problem with multi-employer plans is as more and more employers have gone out of business the employers that are still in business end up paying retirees that did not work for them. Since these retirees are still collecting pensions the remaining companies have larger liabilities or the funds become "underfunded" or both. [/QUOTE]
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UPS, Teamsters to Restructure New England Pension Plan
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