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UPS Union Issues
Union Politics - 804 members coming soon agitator 2
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<blockquote data-quote="Inthegame" data-source="post: 1184591" data-attributes="member: 37112"><p>So for political gain you'd end the retirement security of thousands of past and future retirees with reckless actions? Glad Tim and other intelligent people are running the show. I'm reasonably certain you wouldn't understand 10% of the PPA but I'll cliff note it for you. Plans that took funding relief, which was required for red zone plans (that was the situation Tim and co. had handed to them by Howie) must opt out by Oct. to improve any benefit going forward. No blame on anyone here, just facts. </p><p>Raising accrual to $152 for all years (including part time for which no contributions were received in L804's fund) would bankrupt the plan. </p><p>Vote no all you want, just know that vote will injure many.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1184591, member: 37112"] So for political gain you'd end the retirement security of thousands of past and future retirees with reckless actions? Glad Tim and other intelligent people are running the show. I'm reasonably certain you wouldn't understand 10% of the PPA but I'll cliff note it for you. Plans that took funding relief, which was required for red zone plans (that was the situation Tim and co. had handed to them by Howie) must opt out by Oct. to improve any benefit going forward. No blame on anyone here, just facts. Raising accrual to $152 for all years (including part time for which no contributions were received in L804's fund) would bankrupt the plan. Vote no all you want, just know that vote will injure many. [/QUOTE]
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