Why 8,737 UPS retirees are bracing for pension cuts - CNN
UPS earned more than $3 billion last year. But 8,737 of its former workers could see their pension checks cut next summer.
The problem is that some UPS retirees receive their pensions from the cash-strapped Central States Pension Fund, which covers hundreds of thousands of workers from different companies. That fund says it needs to make cuts in order to keep from running out of money.
UPS earned more than $3 billion last year. But 8,737 of its former workers could see their pension checks cut next summer.
The problem is that some UPS retirees receive their pensions from the cash-strapped Central States Pension Fund, which covers hundreds of thousands of workers from different companies. That fund says it needs to make cuts in order to keep from running out of money.