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<blockquote data-quote="DELACROIX" data-source="post: 5640285" data-attributes="member: 49065">They can see that it has the potential to be hornet’s nest, a no win situation.I believe that there is no way that the feds are going to allow a strike, the Company has to bend on this one.&nbsp; The feds have been involved already, this Central States bail out benefited both the Union and UPS, it was going to cost UPS&nbsp; at least 3.5 billion just to cover the possibility of a Central default or reducing our retirees’&nbsp; benefits now they are technically off the hook.The Company recently eliminated further funding into their own pension trusts…that is going to save them 1.5 billion annually.&nbsp; UPS has four defined pension funds in their care.a.&nbsp;&nbsp; The UPS Pension Plan that covers all our part time service present and past.b.&nbsp; &nbsp; The IBT/ UPS Pension Plan covering those full timers under the Central and Southern.c.&nbsp; &nbsp;&nbsp; The UPS Retirement Plan that covers primarily their management.d.&nbsp; &nbsp;&nbsp; (Another excessive retirement plan) forgot the name that covers their executive partners.The process for the elimination of management vesting started in 2016 way before the bail out..Study the annual contribution rates of those 4 plans before that decision.&nbsp; We all can guess who was getting the biggest piece of the pie, particularly with the UPS Pension Plan for their Union folks, the IBT/UPS Pension was not much better.</blockquote>

[QUOTE="DELACROIX, post: 5640285, member: 49065"] They can see that it has the potential to be hornet’s nest, a no win situation. I believe that there is no way that the feds are going to allow a strike, the Company has to bend on this one. The feds have been involved already, this Central States bail out benefited both the Union and UPS, it was going to cost UPS at least 3.5 billion just to cover the possibility of a Central default or reducing our retirees’ benefits now they are technically off the hook. The Company recently eliminated further funding into their own pension trusts…that is going to save them 1.5 billion annually. UPS has four defined pension funds in their care. a. The UPS Pension Plan that covers all our part time service present and past. b. The IBT/ UPS Pension Plan covering those full timers under the Central and Southern. c. The UPS Retirement Plan that covers primarily their management. d. (Another excessive retirement plan) forgot the name that covers their executive partners. The process for the elimination of management vesting started in 2016 way before the bail out.. Study the annual contribution rates of those 4 plans before that decision. We all can guess who was getting the biggest piece of the pie, particularly with the UPS Pension Plan for their Union folks, the IBT/UPS Pension was not much better. [/QUOTE]

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