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<blockquote data-quote="brownIEman" data-source="post: 550474" data-attributes="member: 14596"><p>That is the way the union spun it at the time, and many believed it. I was in a non-management technical role back then, so I was sorta on the side lines being neither union or management. I actually looked at the plan as proposed. I also read material put out by the Teamsters. The proposed pension plan I believe was to be managed by a board of trustees, 6 if memory serves, 3 chosen by the company 3 by the teamsters. </p><p></p><p>To this day, many still believe the company was trying to destroy the pension. The company did give compelling arguments that it was trying to ensure the long term viability of it, at least for UPSers. To use brownmonsters wall analogy, what the company was trying to do was put mortar into a wall that was crumbling under its own weight, not remove any bricks. </p><p></p><p>Was their other more nefarious motivations spoken of only behind closed doors? I won't try to claim to know. I will say that the company's argument that the pension needed to be restructured was in some measure proven out by what has actually come to pass with Central States.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 550474, member: 14596"] That is the way the union spun it at the time, and many believed it. I was in a non-management technical role back then, so I was sorta on the side lines being neither union or management. I actually looked at the plan as proposed. I also read material put out by the Teamsters. The proposed pension plan I believe was to be managed by a board of trustees, 6 if memory serves, 3 chosen by the company 3 by the teamsters. To this day, many still believe the company was trying to destroy the pension. The company did give compelling arguments that it was trying to ensure the long term viability of it, at least for UPSers. To use brownmonsters wall analogy, what the company was trying to do was put mortar into a wall that was crumbling under its own weight, not remove any bricks. Was their other more nefarious motivations spoken of only behind closed doors? I won't try to claim to know. I will say that the company's argument that the pension needed to be restructured was in some measure proven out by what has actually come to pass with Central States. [/QUOTE]
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