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UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="ezrider" data-source="post: 52887"><p><font color="0000ff">...my understanding is this is all pure hypothetical conjecture at this point, an exercise in "what if".</font> </p><p> </p><p>Indeed true. With healthcare costs rising at near double digits per-year in percentage, the volume would have to grow at a rate at God-only-knows-what to offset that black hole. By the time 2008 arrives it wouldn't surprise me if the company wants not only a wage freeze but a slash in them altogether regardless of the who the bargaining agent will be. </p><p> </p><p>And let's be realistic about it. There's never going to be any $7000.00 per-month pension ever collected by any retired hourly. The APWA would have to be nuts to ever promise that and they need to be very careful of not using that figure as an advertisement to entice a vote to throw the IBT out. We all saw the result of what happened the last two rounds of negotiations where the IBT claimed how they were fighting to protect our pensions. Unless it was thier goal to protect them from us, it was a promise they couldn't keep. APWA needs to be honest and tell ALL employess that there's no miracle cure, and there's a very strong to very likely case that EVERYBODY will have to absorb some short-term pain for long term gain. </p><p> </p><p>It's time to face up to the truth that we had a chance to get free of this mess and we passed on it. Don't think the company doesn't remind a driver of that everyday with things like 6-seconds-per-pkg time allowance slash and 10% of routes whacked out of the building once PAS/EDD gets jammed into it like a square peg in a round hole. Any driver who hasn't had the pleasure of being dealt that one-two hit is really in for a reality check because it's around the corner and you can be dead certain that management will make sure that it's going to be painful. These are the measures they take when they get fed up trying to explain that they are tired and p*ssed off that they had to throw UPS money down the toilet for years in pension funds that basically penalize successful companies while rewarding the retirees of failed companies. </p><p> </p><p>The reality is that as long as the company has to pay more than just it's own employees retirement, then they are going to attempt to wring that money back out of the employees that are most responsible for putting them in that position to begin with and that's the drivers. At some point we are going to have to take accountability for what we allowed IBT to do in '97. APWA might be a step in the right direction, but pie-in-the-sky dreams only make waking up to the reality that much more of a nightmare. The truth no doubt hurts, but the lies that IBT handed the rank and file drivers with what they thought was a few years to go until retirement sure hurt much worse.</p></blockquote><p></p>
[QUOTE="ezrider, post: 52887"] <font color="0000ff">...my understanding is this is all pure hypothetical conjecture at this point, an exercise in "what if".</font> Indeed true. With healthcare costs rising at near double digits per-year in percentage, the volume would have to grow at a rate at God-only-knows-what to offset that black hole. By the time 2008 arrives it wouldn't surprise me if the company wants not only a wage freeze but a slash in them altogether regardless of the who the bargaining agent will be. And let's be realistic about it. There's never going to be any $7000.00 per-month pension ever collected by any retired hourly. The APWA would have to be nuts to ever promise that and they need to be very careful of not using that figure as an advertisement to entice a vote to throw the IBT out. We all saw the result of what happened the last two rounds of negotiations where the IBT claimed how they were fighting to protect our pensions. Unless it was thier goal to protect them from us, it was a promise they couldn't keep. APWA needs to be honest and tell ALL employess that there's no miracle cure, and there's a very strong to very likely case that EVERYBODY will have to absorb some short-term pain for long term gain. It's time to face up to the truth that we had a chance to get free of this mess and we passed on it. Don't think the company doesn't remind a driver of that everyday with things like 6-seconds-per-pkg time allowance slash and 10% of routes whacked out of the building once PAS/EDD gets jammed into it like a square peg in a round hole. Any driver who hasn't had the pleasure of being dealt that one-two hit is really in for a reality check because it's around the corner and you can be dead certain that management will make sure that it's going to be painful. These are the measures they take when they get fed up trying to explain that they are tired and p*ssed off that they had to throw UPS money down the toilet for years in pension funds that basically penalize successful companies while rewarding the retirees of failed companies. The reality is that as long as the company has to pay more than just it's own employees retirement, then they are going to attempt to wring that money back out of the employees that are most responsible for putting them in that position to begin with and that's the drivers. At some point we are going to have to take accountability for what we allowed IBT to do in '97. APWA might be a step in the right direction, but pie-in-the-sky dreams only make waking up to the reality that much more of a nightmare. The truth no doubt hurts, but the lies that IBT handed the rank and file drivers with what they thought was a few years to go until retirement sure hurt much worse. [/QUOTE]
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