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Brown Cafe UPS Forum
UPS Union Issues
Bye Bye Pension and Hello to matching 401k coming in 2023?
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<blockquote data-quote="DELACROIX" data-source="post: 3722199" data-attributes="member: 49065"><p>Before you get too excited...Read the (federal law) called ERISA and get most of your answers on your vested rights with pensions. Any vested time in any traditional pension is protected and can not be taken away. They tried to break that requirement when they tried reducing the Central's retirees benefits several years ago..it failed...problem still exists..no solution on the horizon..and nobody wants the financial responsibility to correct it.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3722199, member: 49065"] Before you get too excited...Read the (federal law) called ERISA and get most of your answers on your vested rights with pensions. Any vested time in any traditional pension is protected and can not be taken away. They tried to break that requirement when they tried reducing the Central's retirees benefits several years ago..it failed...problem still exists..no solution on the horizon..and nobody wants the financial responsibility to correct it. [/QUOTE]
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Bye Bye Pension and Hello to matching 401k coming in 2023?
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