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<blockquote data-quote="pretzel_man" data-source="post: 247537" data-attributes="member: 927"><p>I think everything you say is fair, as long as its clarified...</p><p> </p><p>IS the US you talk about all Teamsters? Meaning UPS and non-UPS Teamsters? That's what you have today. That's the definition of a multi-employer plan.</p><p> </p><p>Employees of other companies still have a pension even though those companies have gone under. That's why a large % of the UPS Teamster dollar goes to other companies' Teamsters.</p><p> </p><p>I think its your choice to make. Do you want to share UPS Teamster money with other Teamsters? This reduces risk overall, but also reduces benefit to more profitable members (like UPS Teamsters currently)</p><p> </p><p>In either case, the members controlling their own fund is reasonable.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 247537, member: 927"] I think everything you say is fair, as long as its clarified... IS the US you talk about all Teamsters? Meaning UPS and non-UPS Teamsters? That's what you have today. That's the definition of a multi-employer plan. Employees of other companies still have a pension even though those companies have gone under. That's why a large % of the UPS Teamster dollar goes to other companies' Teamsters. I think its your choice to make. Do you want to share UPS Teamster money with other Teamsters? This reduces risk overall, but also reduces benefit to more profitable members (like UPS Teamsters currently) In either case, the members controlling their own fund is reasonable. P-Man [/QUOTE]
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