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<blockquote data-quote="nospinzone" data-source="post: 133997" data-attributes="member: 1335"><p><strong>APWA legal claim to IBT pension money</strong></p><p></p><p></p><p>This is an excellent post and excellent find. What was your history and participation with this case? Thankyou for sharing this with us. </p><p></p><p>I strongly reccommend that <strong>everyone read this case</strong>. The numbers are smaller and its from the 80's but it is an excellent summary on the principles of how the Teamster pension funds work, how much we are sacrificing, and what we are getting for the cut in our what our pensions should truly be worth (ie....portability and the security of a "decent" pension). </p><p></p><p>One note on your opinion put forward by this statement: <em>You will see that the courts are not on your side and there are major hurdles that you must overcome in order to transfer UPS-contributed money out of a Teamsters pension plan. </em>. I disagree based on text found within this legal decision. Unless I'm reading this wrong, this strongly supports APWA's claim to transfer monies from the IBT funds which were contributed on behalf of UPS employees.</p><p></p><p>Unless there is a case since this decision which would alter this position, this clearly sets precedent in favor of APWA staking claim to funds on behalf of its members in the case of a successful decertification.</p><p></p><p>Regardless, thanks for the post. I enjoyed reading the case.</p><p>Nospin<img src="/community/styles/default/xenforo/smilies/group1/cool.gif" class="smilie" loading="lazy" alt=":cool:" title="Cool :cool:" data-shortname=":cool:" /></p></blockquote><p></p>
[QUOTE="nospinzone, post: 133997, member: 1335"] [B]APWA legal claim to IBT pension money[/B] This is an excellent post and excellent find. What was your history and participation with this case? Thankyou for sharing this with us. I strongly reccommend that [B]everyone read this case[/B]. The numbers are smaller and its from the 80's but it is an excellent summary on the principles of how the Teamster pension funds work, how much we are sacrificing, and what we are getting for the cut in our what our pensions should truly be worth (ie....portability and the security of a "decent" pension). One note on your opinion put forward by this statement: [I]You will see that the courts are not on your side and there are major hurdles that you must overcome in order to transfer UPS-contributed money out of a Teamsters pension plan. [/I]. I disagree based on text found within this legal decision. Unless I'm reading this wrong, this strongly supports APWA's claim to transfer monies from the IBT funds which were contributed on behalf of UPS employees. Unless there is a case since this decision which would alter this position, this clearly sets precedent in favor of APWA staking claim to funds on behalf of its members in the case of a successful decertification. Regardless, thanks for the post. I enjoyed reading the case. Nospin:cool: [/QUOTE]
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