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Contract raises? don't be brainwashed!
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<blockquote data-quote="InsideUPS" data-source="post: 1085966" data-attributes="member: 31414"><p>I totally agree with you however you will definitely receive an "education" on why your/our belief is not being a good Union member. As long as we're at it...we might also state that we would rather have our social security deductions put into our personal 401k also. Both our pension and social security are similar in that they are funding other individuals than ourself. </p><p></p><p>First....as most of you know, all of us here can have various pensions depending on location and whether or not you're under the company plan or the Teamster plan. It's therefore very difficult to talk about the specifics of each plan. In the case of the Central States Pension Plan, the IBT allowed UPS to pull out of the multi-employer pension fund. ( <a href="http://www.tdu.org/news/could-central-states-pension-fund-go-insolvent" target="_blank">Could the Central States Pension Fund Go Insolvent? | Teamsters for a Democratic Union</a> ) . BOTTOM LINE.... Pensions are NOT secure forms of income... a 401k plan is a savings plan that you and you alone have control of... Pensions are antiquated and should be slowly eliminated as with Social Security...... (much easier said than done...as there are many negative implications to others)</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1085966, member: 31414"] I totally agree with you however you will definitely receive an "education" on why your/our belief is not being a good Union member. As long as we're at it...we might also state that we would rather have our social security deductions put into our personal 401k also. Both our pension and social security are similar in that they are funding other individuals than ourself. First....as most of you know, all of us here can have various pensions depending on location and whether or not you're under the company plan or the Teamster plan. It's therefore very difficult to talk about the specifics of each plan. In the case of the Central States Pension Plan, the IBT allowed UPS to pull out of the multi-employer pension fund. ( [url=http://www.tdu.org/news/could-central-states-pension-fund-go-insolvent]Could the Central States Pension Fund Go Insolvent? | Teamsters for a Democratic Union[/url] ) . BOTTOM LINE.... Pensions are NOT secure forms of income... a 401k plan is a savings plan that you and you alone have control of... Pensions are antiquated and should be slowly eliminated as with Social Security...... (much easier said than done...as there are many negative implications to others) [/QUOTE]
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Contract raises? don't be brainwashed!
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