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UPS Union Issues
APWA in New Orleans
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<blockquote data-quote="Bill" data-source="post: 175495" data-attributes="member: 5483"><p>You guys are missing the point. I agree that we should have other investments, but let's just stick to the pension problem right now. UPS has lived up to their contractual obligations. They give more than enough money to fully fund a decent pension for all of us. However, the Teamsters have destroyed a benefit that we should be receiving. It doesn't matter if you have millions of dollars in other investments. When we started working for UPS, we were told we would receive benefits in the form of medical and pension. They are now being cut, not by UPS, but by the people (Teamsters) who we "trust" to manage our funds. If they can't manage our money properly, then it is time to have someone else do it.</p></blockquote><p></p>
[QUOTE="Bill, post: 175495, member: 5483"] You guys are missing the point. I agree that we should have other investments, but let's just stick to the pension problem right now. UPS has lived up to their contractual obligations. They give more than enough money to fully fund a decent pension for all of us. However, the Teamsters have destroyed a benefit that we should be receiving. It doesn't matter if you have millions of dollars in other investments. When we started working for UPS, we were told we would receive benefits in the form of medical and pension. They are now being cut, not by UPS, but by the people (Teamsters) who we "trust" to manage our funds. If they can't manage our money properly, then it is time to have someone else do it. [/QUOTE]
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