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Brown Cafe UPS Forum
UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="Bill" data-source="post: 215581" data-attributes="member: 5483"><p>This is the only thing that I agree with you about. UPS should not hold the pension, but neither should the Teamsters as they have shown a pitiful track record when it comes to managing "our" money. The only viable solution would be for a separate entity (in this case the APWA), to control the UPS contributions and given to UPS employees only. That way it insures that we receive what we are entitled to when the time comes to retire. How many UPS package car drivers are going to be able to work until the age of 65? Very few? Why should they? The ones that don't make it to age 50 forfeit their pension. What happens to this money?</p></blockquote><p></p>
[QUOTE="Bill, post: 215581, member: 5483"] This is the only thing that I agree with you about. UPS should not hold the pension, but neither should the Teamsters as they have shown a pitiful track record when it comes to managing "our" money. The only viable solution would be for a separate entity (in this case the APWA), to control the UPS contributions and given to UPS employees only. That way it insures that we receive what we are entitled to when the time comes to retire. How many UPS package car drivers are going to be able to work until the age of 65? Very few? Why should they? The ones that don't make it to age 50 forfeit their pension. What happens to this money? [/QUOTE]
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Another example of Central States mismanagement
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