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UPS, Teamsters to Restructure New England Pension Plan
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<blockquote data-quote="Old International" data-source="post: 1014910" data-attributes="member: 14916"><p>It is exactly what UPS did for Central States. Moved the UPS employees out of the multiemployer plan, thus reducing the risk to the failure of the pension to UPS employees. Central States is holding on by a thread, and if YRC defaults on it's catchup plan with Central States, it will go under.</p></blockquote><p></p>
[QUOTE="Old International, post: 1014910, member: 14916"] It is exactly what UPS did for Central States. Moved the UPS employees out of the multiemployer plan, thus reducing the risk to the failure of the pension to UPS employees. Central States is holding on by a thread, and if YRC defaults on it's catchup plan with Central States, it will go under. [/QUOTE]
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