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Brown Cafe UPS Forum
UPS Retirement Topics
when to retire?
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<blockquote data-quote="Ms.PacMan" data-source="post: 2574924" data-attributes="member: 4656"><p>Actually, the Treasury Dept stipulated that UPS cover the CS pension payments of employees after 2008 should CS fail. It doesn't matter if it's in the contract or not. (IMO the Teamsters just put it in the contract to make it look like something they did for us).</p><p></p><p>This info was in the Treasury Dept's response letter to CS last year when they tried get the Treasury Dept to approve lower pension payments for those left in the fund and the reason the Treasury Dept denied Central States proposal, because it would place too much of a burden on UPS because they would have to cover the shortfall. I posted the letter on BC.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 2574924, member: 4656"] Actually, the Treasury Dept stipulated that UPS cover the CS pension payments of employees after 2008 should CS fail. It doesn't matter if it's in the contract or not. (IMO the Teamsters just put it in the contract to make it look like something they did for us). This info was in the Treasury Dept's response letter to CS last year when they tried get the Treasury Dept to approve lower pension payments for those left in the fund and the reason the Treasury Dept denied Central States proposal, because it would place too much of a burden on UPS because they would have to cover the shortfall. I posted the letter on BC. [/QUOTE]
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