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<blockquote data-quote="OZZ" data-source="post: 253029"><p>I think perhaps you might want to reconsider your whole-harted support of UPS fleeing CS. I walked the picket lines over UPS withdrawing last time. At the time I must say that I felt we might have been better off splitting away from CS. The idea of a seperate pension fund for UPSers sounded great to me early in negotiations. UPS is in far better shape then the rest of the CS participants. But I was lead to believe by management that our years of service in CS and $ would just roll into the new pension. But that isn't going to happen.You ask "how many pensions of UPSers that retire next year in CS will be saved." All of them for 1 year. I ask how long will CS survive without UPS's future contributions? Remember CS will only rise to 70% funded with the 6 billion. UPSers will still be in this failing fund. The contract didn't get us out as individualls. UPS's withdrawl will speed up the fall of CS because we contribute more than our fair share. It will not be saved from ERISA for long.</p></blockquote><p></p>
[QUOTE="OZZ, post: 253029"] I think perhaps you might want to reconsider your whole-harted support of UPS fleeing CS. I walked the picket lines over UPS withdrawing last time. At the time I must say that I felt we might have been better off splitting away from CS. The idea of a seperate pension fund for UPSers sounded great to me early in negotiations. UPS is in far better shape then the rest of the CS participants. But I was lead to believe by management that our years of service in CS and $ would just roll into the new pension. But that isn't going to happen.You ask "how many pensions of UPSers that retire next year in CS will be saved." All of them for 1 year. I ask how long will CS survive without UPS's future contributions? Remember CS will only rise to 70% funded with the 6 billion. UPSers will still be in this failing fund. The contract didn't get us out as individualls. UPS's withdrawl will speed up the fall of CS because we contribute more than our fair share. It will not be saved from ERISA for long. [/QUOTE]
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