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Brown Cafe UPS Forum
UPS Union Issues
Attention Teamsters in the central region.
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<blockquote data-quote="JonFrum" data-source="post: 1000495" data-attributes="member: 18044"><p>You don't accept that UPS is represented by <u>all</u> the Employer Trustees; but UPS and the Government, and the Courts do, and only they count.</p><p></p><p>Investing in the S&P 500 wil generate a finite sum that will run out if you live too long. A pension fund insures against this by promising to pay you until you die, (assuming you select that option), even if you live to be 115 years old.</p><p></p><p>A pension fund also insures you against your company going out of business by pooling your contributions with those of many other companies.</p><p></p><p>Such insurance functions do reduce the payout however. That's the way insurance works.</p><p>- - - -</p><p>The IAM pension fund has had its problems, and has suffered from the same market drops that all other pension funds exxperienced. But I don't have the time to research its current situation. Feel free to document its present funding status and degree of benefit cuts if you know them.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 1000495, member: 18044"] You don't accept that UPS is represented by [U]all[/U] the Employer Trustees; but UPS and the Government, and the Courts do, and only they count. Investing in the S&P 500 wil generate a finite sum that will run out if you live too long. A pension fund insures against this by promising to pay you until you die, (assuming you select that option), even if you live to be 115 years old. A pension fund also insures you against your company going out of business by pooling your contributions with those of many other companies. Such insurance functions do reduce the payout however. That's the way insurance works. - - - - The IAM pension fund has had its problems, and has suffered from the same market drops that all other pension funds exxperienced. But I don't have the time to research its current situation. Feel free to document its present funding status and degree of benefit cuts if you know them. [/QUOTE]
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