Indecisi0n
Well-Known Member
You put 25 and out in your marriage agreement, smart man .
Breaking News Regarding Fed Ex Express
- Thread starter JackInDaBox
- Start date
Overpaid Union Thug
Well-Known Member
I call it Karma.
upsers1001
driver
How do you think this will affect our pension? If ups goes out of business then we have no pension right.
Mugarolla
Light 'em up!
Wrong.
Even if they did go out of business, the UPS-IBT Pension Plan is funded at 100.00% as of 12/31/2017.
That means there is enough money in the fund to pay the current liabilities. So, even if they went out of business, there would still be pension payments for a long time to come.
The same for those not in the UPS-IBT Plan. Although some of those may not be as well funded.
Actually, I believe the PBGC takes over the pension, since they guarantee it, and the money UPS had in the pension fund goes to them.
But I wouldn't worry, too much, about them going out of business, at least not anytime soon.
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Benben
Working on a new degree, Masters in BS Detecting!
Except for the $300 million UPS had to pay for not being allowed to actually do the deal.
ops there it goes, ops there it goes.
cachmeifucan
Well-Known Member
They paid 300 mill just to get blocked. Are you sure
MAKAVELI
Well-Known Member
If FedEx isn't doing well in Europe, I doubt UPS is doing any better.
Mugarolla
Light 'em up!
$267 million or 200 million euros.
UPDATE 3-UPS to drop TNT Express bid after European Commission veto
F
Frankie's Friend
Guest
Incorrect assumption according to the 2018 report for 2017.
Excerpts follow:
2018 results aren't out but growth (allegedly) continues and especially in Europe according to the 2018 Report.
Attachments
May work out for the best if this goes through:
UPS seeks $2.14 billion from EU over blocked TNT merger
Brownslave688
You want a toe? I can get you a toe.
Gay porn pays better the younger you are...
Brownslave688
You want a toe? I can get you a toe.
That’s was some seriously shady bs. Oh well it’s over now.
Mugarolla
Light 'em up!
Been almost a year and haven't heard anything. I know the suit is waiting on a court decision, but good luck getting that kind of money.
I would at least like to see them get the $267M back.
What'dyabringmetoday???
Well-Known Member
Serious question- how long do you think PBGC would last in the above scenario? Lol.
F
Frankie's Friend
Guest
Depends on what the cuts are.
What'dyabringmetoday???
Well-Known Member
Well according to OUR "Big Union Leader", the PBGC can not sustain even the pension I am in going belly-up. It certainly won't if they all go south. Of course, maybe that's the opinion of one Big Union Liar. I mean leader. But I think it's pretty close to the truth.
F
Frankie's Friend
Guest
And when it's gone it's gone unless congress acts.
There are many still in DC fighting to save (salvage) pensions.
They have time to go and be there (many are retired) but if you know of anyone helping with that in your area send them $50 to help with expenses.
We appreciate our good advocates.
Mugarolla
Light 'em up!
They would get the current money in the plans at the time they had to take over, so they will have huge assets, at first.
Then they will crunch the numbers and cut the promised pensions to try and stay solvent as long as they can.
Time frame? No idea, but I hope we don't have to find out.
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