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UPS Union Issues
2006 Teamster survey
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<blockquote data-quote="Cezanne" data-source="post: 90169" data-attributes="member: 5104"><p>The real problem is that Central States and the other trust funds offered increases that they could not afford, most of the decisions over these increases were political in nature. Does anybody else see that it is the possibility that those raises in penison benefits over the last ten years was a grab for the biggest piece of the pie before the plan started to make some decisions. The decrease of participants in the Central States plan by itself has been going on for almost 20 years now, what were these trustees thinking<img src="/community/styles/default/xenforo/smilies/group1/confused1.gif" class="smilie" loading="lazy" alt=":confused:" title="Confused :confused:" data-shortname=":confused:" />1 </p><p> </p><p>Agree with the happy bob that for us to pull out of these teamster plans would not be fair to the others who had contributed to those funds over the years. Guaranteed that there will be more cuts in these plans will they get up to funding ratio required under this pension reform act now going through Washington, "share the pain" seems to the caught phrase that is being thrown around over this bill. Consider that I have been a teamster with UPS for thirty years, paid full union dues during that time, would I not have a problem with a fellow member collecting twice or three times the pension benefits who has done the same? This is currently happening and it is not right<img src="/community/styles/default/xenforo/smilies/group1/mad.gif" class="smilie" loading="lazy" alt=":mad:" title="Mad :mad:" data-shortname=":mad:" /> </p><p> </p><p>Here is some possible solutions:</p><p> </p><p>a. Pay a universal pension benefit no matter what area or plan you are under. None of this some members get 5,000 and others 2,000 bull****.</p><p> </p><p>b. Pull all the benefit funds into one trust, reduce some of the bureaucracy, political decisions and costs associated with running these trusts.</p><p> </p><p>c. Subtract any social security benefits when the retiree becomes eligible, so when we start collecting SS benefits at 65 or 70 your pension reduces by the amount you collect. The formula can be adjusted to be fair. This could apply only for early retirement benefits, for those who do not want to hang around till 65. </p><p> </p><p>As for medical coverage, from my understanding when you become eligible for medicad or medicare at 65 your coverage under the union or company plans ceases. Not really up to stuff on this issue, so any insight offered by others would help<img src="/community/styles/default/xenforo/smilies/group1/bored.gif" class="smilie" loading="lazy" alt=":bored:" title="Bored :bored:" data-shortname=":bored:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 90169, member: 5104"] The real problem is that Central States and the other trust funds offered increases that they could not afford, most of the decisions over these increases were political in nature. Does anybody else see that it is the possibility that those raises in penison benefits over the last ten years was a grab for the biggest piece of the pie before the plan started to make some decisions. The decrease of participants in the Central States plan by itself has been going on for almost 20 years now, what were these trustees thinking:confused1 Agree with the happy bob that for us to pull out of these teamster plans would not be fair to the others who had contributed to those funds over the years. Guaranteed that there will be more cuts in these plans will they get up to funding ratio required under this pension reform act now going through Washington, "share the pain" seems to the caught phrase that is being thrown around over this bill. Consider that I have been a teamster with UPS for thirty years, paid full union dues during that time, would I not have a problem with a fellow member collecting twice or three times the pension benefits who has done the same? This is currently happening and it is not right:mad: Here is some possible solutions: a. Pay a universal pension benefit no matter what area or plan you are under. None of this some members get 5,000 and others 2,000 bull****. b. Pull all the benefit funds into one trust, reduce some of the bureaucracy, political decisions and costs associated with running these trusts. c. Subtract any social security benefits when the retiree becomes eligible, so when we start collecting SS benefits at 65 or 70 your pension reduces by the amount you collect. The formula can be adjusted to be fair. This could apply only for early retirement benefits, for those who do not want to hang around till 65. As for medical coverage, from my understanding when you become eligible for medicad or medicare at 65 your coverage under the union or company plans ceases. Not really up to stuff on this issue, so any insight offered by others would help:bored: [/QUOTE]
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