UPS to Freeze Pension Plans for Nonunion Staffers

Discussion in 'YRC Freight' started by hojim, Jun 27, 2017.

  1. hojim

    hojim New Member

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  2. CorporateOffice

    CorporateOffice New Member

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    If they'll do it to the non-union employees they'll do it to the union too, or try to.
     
  3. Freightmaster1

    Freightmaster1 Well-Known Member

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  4. Freightmaster1

    Freightmaster1 Well-Known Member

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  5. BIG R GUY

    BIG R GUY Last, bag standing

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  6. SuperCourse

    SuperCourse Well-Known Member

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    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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