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UPS Union Issues
2006 Teamster survey
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<blockquote data-quote="happybob" data-source="post: 90150" data-attributes="member: 4724"><p>The pension issue will be big in our next contract. Im not sure I agree with some fellow UPSers that suggest we have a UPS only pension. There was a time when UPS wasn't the largest contributor to the Teamster Pension Funds. There were many LTL cariers that put in more money in the early years of the Teamsters and those contributions helped to build the funds that are there today. Do we penalize those Teamsters that made the union what it is today? Those that came before us! </p><p> </p><p>The plans today must look to the future. If the funds coming in today don't match the required outgoing payments then the funds will need to lower the money they are sending out. This is a very hard pill to swallow for all of us, but possibly the only solution that will be fair to all. Those that have allready retired will commplain that they were guaranteed a set amount during their retirement years. The only response will be something like this. Would you rather have UPS pull out of the funds and have them go broke? What will happen to your payments then? You will probably see much greater decreases when the funds go broke than if you agree to a decrease to keep the funds solvent. Once these funds make the tuff choices needed to keep the funds solvent we all will be able to look forward to at least getting something when we retire.</p><p> </p><p>The issue of Teamster Members helping to set up a FedEx only organizing fund sounds like something we should all agree needs to be done soon. Getting them organized now will help keep our pension funds stronger in the future. Can we count on the Teamsters getting them organized, even if we throw extra funds towards that goal? We can all hope so.</p><p> </p><p>There are tuff decisions to be made, lets hope they are made soon so we can all look towards a decent retirement.</p></blockquote><p></p>
[QUOTE="happybob, post: 90150, member: 4724"] The pension issue will be big in our next contract. Im not sure I agree with some fellow UPSers that suggest we have a UPS only pension. There was a time when UPS wasn't the largest contributor to the Teamster Pension Funds. There were many LTL cariers that put in more money in the early years of the Teamsters and those contributions helped to build the funds that are there today. Do we penalize those Teamsters that made the union what it is today? Those that came before us! The plans today must look to the future. If the funds coming in today don't match the required outgoing payments then the funds will need to lower the money they are sending out. This is a very hard pill to swallow for all of us, but possibly the only solution that will be fair to all. Those that have allready retired will commplain that they were guaranteed a set amount during their retirement years. The only response will be something like this. Would you rather have UPS pull out of the funds and have them go broke? What will happen to your payments then? You will probably see much greater decreases when the funds go broke than if you agree to a decrease to keep the funds solvent. Once these funds make the tuff choices needed to keep the funds solvent we all will be able to look forward to at least getting something when we retire. The issue of Teamster Members helping to set up a FedEx only organizing fund sounds like something we should all agree needs to be done soon. Getting them organized now will help keep our pension funds stronger in the future. Can we count on the Teamsters getting them organized, even if we throw extra funds towards that goal? We can all hope so. There are tuff decisions to be made, lets hope they are made soon so we can all look towards a decent retirement. [/QUOTE]
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