UPS's goal is to replace union pensions with 401ks, but they signed a letter-of-agreement that they would not withdraw from Teamster plans.
https://news.bloomberglaw.com/employee-benefits/ups-delivery-drivers-lose-pension-credit-suit-after-transfer#
2 replies (most recent on top)
Union Pensions are solid. Non - Union pensions are on banana peels.
UPS wage increases in the contract are being canceled out by starving the pension funds.