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'97 Strike Resulted in UPS Going Public
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<blockquote data-quote="35years" data-source="post: 2253330" data-attributes="member: 60822"><p>I remember having the discussion (with some of our union leaders in 1997) about the possibility of a strike. There was no question it was about the pension. They knew full well that if UPS gained control over all the UPSer's pensions (not just CSPF) it would break the back of the union. They knew full well that the pensions would eventually be in trouble but giving control to UPS was not going to happen.</p><p></p><p>Now... in 2016... the writing is on the wall for most of the pensions in which UPSers are currently participating. The denial of the reality of the pension demographics has finally started to wane on this forum. UPS has huge unfunded liabilities obscured by the "new" accounting practices approved in 2014. If these issues are not dealt with in the next contract I don't know how the pensions will survive.</p></blockquote><p></p>
[QUOTE="35years, post: 2253330, member: 60822"] I remember having the discussion (with some of our union leaders in 1997) about the possibility of a strike. There was no question it was about the pension. They knew full well that if UPS gained control over all the UPSer's pensions (not just CSPF) it would break the back of the union. They knew full well that the pensions would eventually be in trouble but giving control to UPS was not going to happen. Now... in 2016... the writing is on the wall for most of the pensions in which UPSers are currently participating. The denial of the reality of the pension demographics has finally started to wane on this forum. UPS has huge unfunded liabilities obscured by the "new" accounting practices approved in 2014. If these issues are not dealt with in the next contract I don't know how the pensions will survive. [/QUOTE]
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'97 Strike Resulted in UPS Going Public
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