Letter about pension cuts - not CSPF

[UpstateNYUPSer(Ret)]

so there is a very real chance upsers not in central states no longer have a pension

What makes you say that?

 

[retired2000]

Thanks upstate for looking into this

 

[UpstateNYUPSer(Ret)]

Thanks upstate for looking into this

I wish I had better news for you but it does look as though we may see some cuts down the road.

 

[oldngray]

If pension plans other than Central States make cuts then there is no agreement with UPS to make up the reduction is there? The way I understand it is that promise was only for UPS Central States retirees.

 

[UpstateNYUPSer(Ret)]

If pension plans other than Central States make cuts then there is no agreement with UPS to make up the reduction is there? The way I understand it is that promise was only for UPS Central States retirees.

You are right and our BA said that other pension funds both within our industry and others will be closely watching what happens with CS.

 

[gonein2011]

Sometimes the next contract actually makes things look a little better.

 

[gonein2011]

so there is a very real chance upsers not in central states no longer have a pension

Highly likely there will be cuts of some sort.