CSPF not going to resubmit cuts.

Discussion in 'UPS Retirement Topics' started by tireknocker, May 22, 2016.

  1. tireknocker

    tireknocker Member

    Looks like the fund will go broke now in 10-12 years. When this happens members will be put into the PGTF. Not good!!
     
  2. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    Wow.

    Something smells fishy here.
     
  3. Ghost in the Darkness

    Ghost in the Darkness Active Member

    How is that gonna work if UPS is on the hook for making up the difference?
     
  4. You can thank our leader for not addressing this problem

    Also don't forget to thank the lazy Pos who didn't vote at all.

    Time to pump up that 401k
     
  5. beentheredonethat

    beentheredonethat Well-Known Member

    No one knows exactly what will happen. Assuming the pension fund does go insolvent in 10-12 years and they don't do anything to fix it in the meantime. There will be at least one or two contracts negotiated before then. Granted the last contract said UPS will make up shortfall. However, UPS will not want to be on the hook for billions. (Considering they already paid twice for the pension of Central State teamsters). That part will be negotiated away. Or at least attempted to be. How many people will vote to strike for something that doesn't benefit themselves and only other retired people? A 2 or 3 dollar raise to the PT'ers or a bonus will make them vote yes.
     
  6. Nobody votes.
     
  7. PT Car Washer

    PT Car Washer Well-Known Member

    Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaurs.
     
  8. Take a nickel today and give up a dollar tomorrow
     
  9. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Well let's also not forget how many billions ups paid to get out of that plan.

    I'm not saying just tell the old guys tough :censored2: but I don't think lack of funds from ups is a problem with the central states pension.
     
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  10. 6 billion isn't chump change
     
  11. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    UPS more than held up their end of the bargain.
     
  12. tireknocker

    tireknocker Member

    Could be talk of merging multi employer pensions into one big fund.
     
  13. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    That would be grossly unfair for those outside of Central States.
     
  14. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    It sucks to be a retired UPS Driver?
     
  15. burrheadd

    burrheadd Superstar

    Have you seen a proposal?
    If not how would you know this?
     
  16. rod

    rod retired and happy

    Government should bail it out. Being that they were put in charge of watching over it since 1982 when it was put under their watch it is nothing more than a government pension to begin with. Government pension= Government bail-out.
     
  17. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    With what money?
     
  18. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Print some up!
     
  19. rod

    rod retired and happy


    Why not---its done every day.
     
  20. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Yeah, that's it.
    We'll tell Obama they are all black.
    Oh yeah, that fat bitch didn't get Obama to pay off her mortgage ... or did he?
     
    Last edited: Jul 7, 2016