feedertrainer
Member
equates to how much additional monthly benefits for full timers?
Not oursIn what pension fund?
Damn Siri... bitch gets it wrong half the time... fu apple!!!! Where did that 13k number come from???Where did that 13k not miner come from??
equates to how much additional monthly benefits for full timers?
Damn Siri... bitch gets it wrong half the time... fu apple!!!! Where did that 13k number come from???
I believe the 5 billion went to the UPS Pension plan for part timers, the UPS Retirement Plan for High Salary management and the IBT/UPS pension plan for previous Central States members. The breakdown of the all the investments into the three plans would be interesting, like which plan got the most contributions. Kind of misleading article considering that all these pension plans get annually monetary contributions at the end of the year to maintain manatory funding ratios. It had nothing to do with generosity toward thier employees.
As stated, "The voluntary contribution raised the funding level to above 90-percent"
This goes beyond the mandatory year end contributions you speak of.
I also would be interested in the breakdown, if anyone finds an article that lists that please post.