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UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="wkmac" data-source="post: 52879"><p>I would seek out gov't agencies which have jurisdiction over these various plans. I would think these agencies would require by law that the rules of the plan be on file and that certain intervals of financial statements also be made. Generally speaking documents of a gov't agency are accessible to the public to some degree and via this avenue you may gain access to the data you need. </p><p> </p><p>I will say this for those folks covered under plans that are in good shape and that is why should they give up or sacrifice to save those of us who happen to be in a bad deal. We sit here and complain about having to pay for others when their companies no longer exist and we would be huge hypocrits to now demand some of our own to give up what they and their families need just to better feather our beds. I won't do that. If we are going to collaspe everything into one big plan then APWA needs to figure out how to better benefit them as well above what they have now. On the flipside I'll throw this out to the few who may be in a good situation and this is very iffy but it could happen but if enough of the current IBT UPS membership bolt from the IBT and vote to go under the APWA then you could find yourself a very small minority within the overall total of UPS union covered employees. Come contract time depending on the size you may have a hard time getting much to keep yourself going. That's not a probable at all, just a potential and at this point a very longshot but it is something to think about. </p><p> </p><p>Just as you have the right to stay with what you have we also have the right to also explore what other options are available. Again, I see APWA not so much as a real threat to replace the IBT but rather as a weapon to force the leadership to take UPSers more serious and to do a better job of stewardship on our behalf. This competition although they (IBT) won't like it IMO will be a good thing especially if the Fed. gov't grants organizing status to APWA. You can bet the IBT politicos are working OT in Washington to stop that! JMO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 52879"] I would seek out gov't agencies which have jurisdiction over these various plans. I would think these agencies would require by law that the rules of the plan be on file and that certain intervals of financial statements also be made. Generally speaking documents of a gov't agency are accessible to the public to some degree and via this avenue you may gain access to the data you need. I will say this for those folks covered under plans that are in good shape and that is why should they give up or sacrifice to save those of us who happen to be in a bad deal. We sit here and complain about having to pay for others when their companies no longer exist and we would be huge hypocrits to now demand some of our own to give up what they and their families need just to better feather our beds. I won't do that. If we are going to collaspe everything into one big plan then APWA needs to figure out how to better benefit them as well above what they have now. On the flipside I'll throw this out to the few who may be in a good situation and this is very iffy but it could happen but if enough of the current IBT UPS membership bolt from the IBT and vote to go under the APWA then you could find yourself a very small minority within the overall total of UPS union covered employees. Come contract time depending on the size you may have a hard time getting much to keep yourself going. That's not a probable at all, just a potential and at this point a very longshot but it is something to think about. Just as you have the right to stay with what you have we also have the right to also explore what other options are available. Again, I see APWA not so much as a real threat to replace the IBT but rather as a weapon to force the leadership to take UPSers more serious and to do a better job of stewardship on our behalf. This competition although they (IBT) won't like it IMO will be a good thing especially if the Fed. gov't grants organizing status to APWA. You can bet the IBT politicos are working OT in Washington to stop that! JMO. [/QUOTE]
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