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<blockquote data-quote="DELACROIX" data-source="post: 4795192" data-attributes="member: 49065">I believe that UPS is contributing around 500 a week per full timer into the Teamsters’ controlled pension plans...like the Peer 80/Western Conference...that is a hell of a lot investment potential if done correctly.&nbsp; 500 a week at a minimum of 8 % to a possible 17 % annual return..over 25 years..do the math.Every pension plan that is controlled by UPS for example the UPS Pension Plan for primarily part timers and the UPS Retirement Plan for high salary management and non union employees are considered as “Defined Pension Funds”.&nbsp; They are only obligated to contribute at the end of the year to cover the promised benefits.&nbsp; So if the annual investment returns do well they save on their contributions.&nbsp; The secret is to limit any increases in benefits by moving the carrot <img class="smilie smilie--emoji" loading="lazy" alt="🥕" title="Carrot&nbsp; &nbsp; :carrot:" src="https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f955.png" data-shortname=":carrot:" />.Or eliminating any further monetary contributions or vesting, which they are now doing with the Management Plan in 2023.There will be no buy out for the union employees or an early out..no lump bonus.. the company does not have too and the Union leadership would not like it ether.&nbsp; We all have to see how this Central States bail out goes...both the Company and the Union are praying that it happens, and what would the Feds want in return for their investment?We all should find out soon enough.</blockquote>

[QUOTE="DELACROIX, post: 4795192, member: 49065"] I believe that UPS is contributing around 500 a week per full timer into the Teamsters’ controlled pension plans...like the Peer 80/Western Conference...that is a hell of a lot investment potential if done correctly. 500 a week at a minimum of 8 % to a possible 17 % annual return..over 25 years..do the math. Every pension plan that is controlled by UPS for example the UPS Pension Plan for primarily part timers and the UPS Retirement Plan for high salary management and non union employees are considered as “Defined Pension Funds”. They are only obligated to contribute at the end of the year to cover the promised benefits. So if the annual investment returns do well they save on their contributions. The secret is to limit any increases in benefits by moving the carrot 🥕. Or eliminating any further monetary contributions or vesting, which they are now doing with the Management Plan in 2023. There will be no buy out for the union employees or an early out..no lump bonus.. the company does not have too and the Union leadership would not like it ether. We all have to see how this Central States bail out goes...both the Company and the Union are praying that it happens, and what would the Feds want in return for their investment? We all should find out soon enough. [/QUOTE]

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