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UPS Retirement Topics
Central States
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<blockquote data-quote="mrpeteysparent" data-source="post: 972514" data-attributes="member: 41521"><p>I recently saw an article complaining how the Central States Pension Fund was bringing down the pensions of everyone else. I thought it was only fair to voice my thoughts on this matter. I"am a former UPSer who has been retired for approximately nine years. I worked my butt off just like all of you guys are doing today and I did this because UPS held that pension carrot out in front of me for the full 30 years I worked. Now that the collapse of Central States looks like a forgone conclusion I just wanted everyone to realize how many retired UPSers will be affected. I currently draw $3000 per month and kif and when Central States folds I will be drawing $1150, quite a difference just when I need it the most. So next time you hear someone complaining about Central States bringing down their pension, just remember it could be a hell of a lot worse, I was promised $3000 per month for the rest of my life by UPS and it doesn't look like that promise will be kept. Thanks for reading this, looks like my 30 years of service weren't worth as much as I thought!!</p></blockquote><p></p>
[QUOTE="mrpeteysparent, post: 972514, member: 41521"] I recently saw an article complaining how the Central States Pension Fund was bringing down the pensions of everyone else. I thought it was only fair to voice my thoughts on this matter. I"am a former UPSer who has been retired for approximately nine years. I worked my butt off just like all of you guys are doing today and I did this because UPS held that pension carrot out in front of me for the full 30 years I worked. Now that the collapse of Central States looks like a forgone conclusion I just wanted everyone to realize how many retired UPSers will be affected. I currently draw $3000 per month and kif and when Central States folds I will be drawing $1150, quite a difference just when I need it the most. So next time you hear someone complaining about Central States bringing down their pension, just remember it could be a hell of a lot worse, I was promised $3000 per month for the rest of my life by UPS and it doesn't look like that promise will be kept. Thanks for reading this, looks like my 30 years of service weren't worth as much as I thought!! [/QUOTE]
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