Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Pension Protection Act
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ok2bclever" data-source="post: 54316"><p>Actually, as it stands, if we are relegated to the PBGC (either from the plan failing on itself or being designated into this proposed "red light" level that the consortium including UPS and the Teamsters are part of we get a maximum of $1050 a month and with benefits currently costing $1220 for husband and wife a month we already have entered the negative area.</p><p></p><p>The consortium states their proposals will protect the company, the worker and the tax payer.</p><p></p><p>Perhaps I don't understand the UPS/Teamster consortium proposal, but while I understand how it will protect the company by limiting their liability and the tax payer by limiting the government's liabilities, I am not clear on how this does <strong>anything</strong> to "protect or benefit" the worker who earned the pension.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 54316"] Actually, as it stands, if we are relegated to the PBGC (either from the plan failing on itself or being designated into this proposed "red light" level that the consortium including UPS and the Teamsters are part of we get a maximum of $1050 a month and with benefits currently costing $1220 for husband and wife a month we already have entered the negative area. The consortium states their proposals will protect the company, the worker and the tax payer. Perhaps I don't understand the UPS/Teamster consortium proposal, but while I understand how it will protect the company by limiting their liability and the tax payer by limiting the government's liabilities, I am not clear on how this does [B]anything[/B] to "protect or benefit" the worker who earned the pension. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Pension Protection Act
Top
