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Brown Cafe UPS Forum
UPS Union Issues
Statement from President Joe Biden on protecting 600,000 Teamsters’ pensions
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<blockquote data-quote="Thebrownblob" data-source="post: 5971459" data-attributes="member: 60485"><p>It got paid out. And just because UPS bought their way out of all these pension funds, don’t forget UPS was still on the hook for unfunded liabilities. Because they are one of the last ones standing. If these pension funds would’ve went belly up UPS would’ve owed billions of dollars and possibly went out of business. They were bailed out just as much as anybody.</p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 5971459, member: 60485"] It got paid out. And just because UPS bought their way out of all these pension funds, don’t forget UPS was still on the hook for unfunded liabilities. Because they are one of the last ones standing. If these pension funds would’ve went belly up UPS would’ve owed billions of dollars and possibly went out of business. They were bailed out just as much as anybody. [/QUOTE]
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Statement from President Joe Biden on protecting 600,000 Teamsters’ pensions
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