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Brown Cafe UPS Forum
UPS Union Issues
Contract update letter from Teamster
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<blockquote data-quote="Inthegame" data-source="post: 1144799" data-attributes="member: 37112"><p>This post exemplifies why you shouldn't be allowed a vote at all. </p><p>1) CS H&W Fund is a separate entity from the CS Pension. No money can be intermingled whatsoever. </p><p>2) UPS did not "take" any money from the CS Pension. They paid their withdrawal liability of over 6Bl, not million. That payment solved much of CS's underfunding at the time but Oct '08 hit huge assets vanished. Bad timing but not nefarious intent.</p><p>3) No dues money goes to any Trust Fund, Pension or H&W. </p><p>Your inaccuracies on this challenge any credibilty your "followers" might have for any of your views.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1144799, member: 37112"] This post exemplifies why you shouldn't be allowed a vote at all. 1) CS H&W Fund is a separate entity from the CS Pension. No money can be intermingled whatsoever. 2) UPS did not "take" any money from the CS Pension. They paid their withdrawal liability of over 6Bl, not million. That payment solved much of CS's underfunding at the time but Oct '08 hit huge assets vanished. Bad timing but not nefarious intent. 3) No dues money goes to any Trust Fund, Pension or H&W. Your inaccuracies on this challenge any credibilty your "followers" might have for any of your views. [/QUOTE]
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Contract update letter from Teamster
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