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UPS Union Issues
Viewpoints for new contract, what's in-store?
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<blockquote data-quote="Inthegame" data-source="post: 2861288" data-attributes="member: 37112"><p>What part of my response led you to conclude I'm an idiot? I believe UPS is a business that operates like a business. Business doesn't entertain notions like compassion. UPS most likely determined paying the withdrawal liability made economic sense.</p><p> The single biggest problem facing the CSPF is their expenses are greater than their income. A healthy plan can absorb retirees outnumbering actives with the returns CSPF enjoys. But CSPF <strong>was</strong> a stuck pig and the UPS bandaid, while a possible fix in better times, couldn't overcome the extent of the market crash in which the CSPF lost nearly a third of their investible assets and no legal avenue to adjust earned credits/benefit payments.</p><p> The CSPF had a chance to survive (for all participants) had the market not crashed, yet you assume intentional malfeasance by suggesting nefarious action by the same "sell-outs" that somehow had the good sense to keep UPS holding that bag.</p><p> </p><p>What purpose would this have? Do you think these guys are complete morons? Do you think they don't know how this will affect them politically? Fred Z knows, and is playing his hand masterfully. </p><p></p><p>How about you come up with the plan to save the CSPF, and not on Monday.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2861288, member: 37112"] What part of my response led you to conclude I'm an idiot? I believe UPS is a business that operates like a business. Business doesn't entertain notions like compassion. UPS most likely determined paying the withdrawal liability made economic sense. The single biggest problem facing the CSPF is their expenses are greater than their income. A healthy plan can absorb retirees outnumbering actives with the returns CSPF enjoys. But CSPF [B]was[/B] a stuck pig and the UPS bandaid, while a possible fix in better times, couldn't overcome the extent of the market crash in which the CSPF lost nearly a third of their investible assets and no legal avenue to adjust earned credits/benefit payments. The CSPF had a chance to survive (for all participants) had the market not crashed, yet you assume intentional malfeasance by suggesting nefarious action by the same "sell-outs" that somehow had the good sense to keep UPS holding that bag. What purpose would this have? Do you think these guys are complete morons? Do you think they don't know how this will affect them politically? Fred Z knows, and is playing his hand masterfully. How about you come up with the plan to save the CSPF, and not on Monday. [/QUOTE]
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Viewpoints for new contract, what's in-store?
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