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Brown Cafe UPS Forum
UPS Union Issues
Central States Pension end of year update 2012
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<blockquote data-quote="balland chain" data-source="post: 1168871" data-attributes="member: 43608"><p>It is just a matter of time before this fund goes belly up.. Heck, we have 25 guys on the seniority list in feeders who all have over 35 years of service and in packages there are at least 150 people able to retire.. When these drivers start to retire nationwide, just wait and see how this fund is affected. I feel the fund will be belly up within 10 years. UPS already paid their obligation, now we see the monies going in is getting much smaller as the smaller trucking companies are going bankrupt, and the ones still operating are contributing only a percentage of what UPS was putting in per employee. Central states & the union do not understand simple math.</p></blockquote><p></p>
[QUOTE="balland chain, post: 1168871, member: 43608"] It is just a matter of time before this fund goes belly up.. Heck, we have 25 guys on the seniority list in feeders who all have over 35 years of service and in packages there are at least 150 people able to retire.. When these drivers start to retire nationwide, just wait and see how this fund is affected. I feel the fund will be belly up within 10 years. UPS already paid their obligation, now we see the monies going in is getting much smaller as the smaller trucking companies are going bankrupt, and the ones still operating are contributing only a percentage of what UPS was putting in per employee. Central states & the union do not understand simple math. [/QUOTE]
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Central States Pension end of year update 2012
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