Yellow | UPS to Freeze Pension Plans for Nonunion Staffers

Like most corporate pension sponsors, UPS fell victim to historically low interest rates. Companies calculate the value of future benefits based on interest rates. Obligations rise when rates fall. A precipitous drop in interest rates—which have stayed lower for longer than many pension managers expected after the financial crisis—helped drive up the shipper’s deficit.

https://www.wsj.com/articles/ups-to-freeze-pension-plans-for-nonunion-staffers-1498563670?mod=e2tw

Thank you Federal Reserve.
 
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