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Brown Cafe UPS Forum
UPS Union Issues
Central States penson fund is ready to go under.
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<blockquote data-quote="upsdawg" data-source="post: 184132" data-attributes="member: 2020"><p>I read this and have to go back to the Contract PROPOSAL OF 97---where UPS wanted to co-manage the Pension Fund.......and of course the Teamsters wanted no part of it.................and since the majority had already given the Teamo's the ability to call a strike on "YOUR BEHALF"--they did and here we are almost 10 years later and wondering if the Central States will be around--or how much longer will they be able to go under funded before the US Gov't steps in.It is so unfair for UPS to continue to pay for benefits for non-UPSers that have retired-----so either the APWA steps in or I see UPS freezing the Pension Fund as we know it today---controlled by the Teamsters----and goes to a 401k fund where you have whatever you have paid into the Teamsters---and in addition, you control where your 401k matched funded are deposited and that will be your future pension money.</p></blockquote><p></p>
[QUOTE="upsdawg, post: 184132, member: 2020"] I read this and have to go back to the Contract PROPOSAL OF 97---where UPS wanted to co-manage the Pension Fund.......and of course the Teamsters wanted no part of it.................and since the majority had already given the Teamo's the ability to call a strike on "YOUR BEHALF"--they did and here we are almost 10 years later and wondering if the Central States will be around--or how much longer will they be able to go under funded before the US Gov't steps in.It is so unfair for UPS to continue to pay for benefits for non-UPSers that have retired-----so either the APWA steps in or I see UPS freezing the Pension Fund as we know it today---controlled by the Teamsters----and goes to a 401k fund where you have whatever you have paid into the Teamsters---and in addition, you control where your 401k matched funded are deposited and that will be your future pension money. [/QUOTE]
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Central States penson fund is ready to go under.
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