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<blockquote data-quote="GuyinBrown" data-source="post: 247514" data-attributes="member: 9444"><p>1- Please note that Red is not in Central States.....</p><p></p><p>2- The money being pumped into CS by UPS is the major reason the plan hasn't gone under yet. UPS contributes substantially more to the plan than its employees get out of it. If UPS goes from 400,000 employees to 50,000 employees, that kind of funding would no longer be possible. So if you're expecting a multi-employer pension fund to save our pensions in that situation, it would require the IBT to organize unprecedented numbers of new members to replace the 350,000 that UPS lost. Yeah, that'll happen..... <img src="/community/styles/default/xenforo/smilies/group2/whistling.gif" class="smilie" loading="lazy" alt=":whistling" title="Whistling :whistling" data-shortname=":whistling" /> </p><p></p><p>3- I have yet to see a single person covered by CS in favor of remaining in CS. UPS is not out to "steal" our pensions. They control the part time pensions ( at least around here ) and have yet to "steal" those away... Those arguments are old and tired, as are the claims that UPS will only have 50,000 employees in 25 years. Could it happen? Absolutely. Will it happen? Not likely. If you're that worried UPS will go belly up, then I suggest you either look for another, more stable company to work for ( <img src="/community/styles/default/xenforo/smilies/group1/laugh.gif" class="smilie" loading="lazy" alt=":laugh:" title="Laugh :laugh:" data-shortname=":laugh:" /> ) or start saving additional money so that you don't have to rely completely on your pension when you retire. It comes down to this... Who do you think will be a more viable entity when it's time for you to retire? UPS or the Teamsters? A company that for the last 100 years has shown strong growth and the ability to be an industry leader? Or an organization with declining membership, whose history is riddled with examples of theft and corruption? I think the answer is obvious. </p><p></p><p>It doesn't mean I want the Teamsters to go away either. Without them, we wouldn't make the wages we do or have the job security we enjoy. I thank them for that, I just don't trust them to hold my money....</p></blockquote><p></p>
[QUOTE="GuyinBrown, post: 247514, member: 9444"] 1- Please note that Red is not in Central States..... 2- The money being pumped into CS by UPS is the major reason the plan hasn't gone under yet. UPS contributes substantially more to the plan than its employees get out of it. If UPS goes from 400,000 employees to 50,000 employees, that kind of funding would no longer be possible. So if you're expecting a multi-employer pension fund to save our pensions in that situation, it would require the IBT to organize unprecedented numbers of new members to replace the 350,000 that UPS lost. Yeah, that'll happen..... :whistling 3- I have yet to see a single person covered by CS in favor of remaining in CS. UPS is not out to "steal" our pensions. They control the part time pensions ( at least around here ) and have yet to "steal" those away... Those arguments are old and tired, as are the claims that UPS will only have 50,000 employees in 25 years. Could it happen? Absolutely. Will it happen? Not likely. If you're that worried UPS will go belly up, then I suggest you either look for another, more stable company to work for ( :laugh: ) or start saving additional money so that you don't have to rely completely on your pension when you retire. It comes down to this... Who do you think will be a more viable entity when it's time for you to retire? UPS or the Teamsters? A company that for the last 100 years has shown strong growth and the ability to be an industry leader? Or an organization with declining membership, whose history is riddled with examples of theft and corruption? I think the answer is obvious. It doesn't mean I want the Teamsters to go away either. Without them, we wouldn't make the wages we do or have the job security we enjoy. I thank them for that, I just don't trust them to hold my money.... [/QUOTE]
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