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Brown Cafe UPS Forum
UPS Union Issues
Worst part of contract
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<blockquote data-quote="GuyinBrown" data-source="post: 254932" data-attributes="member: 9444"><p>Your pension is never secure, nothing is. There is a degree of risk in everything. However, I see UPS, ABF and Yellow pulling out as a good thing for CS. In order to get out, they must pay money upfront to bring the plan funding to a level that would maintain current benefits. Since the other companies have more retirees than UPS, it would seem logical to me that their buyouts would cost as much or more than UPS paid to withdraw. All this money upfront is a good thing. It's like getting a second chance to make better investments. You can only hope, however, that the trustees have learned from past mistakes and will not repeat them, but that same risk would be there if the companies withdrew or not....</p></blockquote><p></p>
[QUOTE="GuyinBrown, post: 254932, member: 9444"] Your pension is never secure, nothing is. There is a degree of risk in everything. However, I see UPS, ABF and Yellow pulling out as a good thing for CS. In order to get out, they must pay money upfront to bring the plan funding to a level that would maintain current benefits. Since the other companies have more retirees than UPS, it would seem logical to me that their buyouts would cost as much or more than UPS paid to withdraw. All this money upfront is a good thing. It's like getting a second chance to make better investments. You can only hope, however, that the trustees have learned from past mistakes and will not repeat them, but that same risk would be there if the companies withdrew or not.... [/QUOTE]
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Worst part of contract
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