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Brown Cafe UPS Forum
UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="ok2bclever" data-source="post: 52941"><p>Sawman,</p><p></p><p>I am not necessarily disagreeing with it being a possibility, but that somewhere they are promising it doesn't prove it is financially sound at all.</p><p></p><p>It's easy to promise it, look at the Teamsters.</p><p></p><p>The fact that far less than one percent of the workpool of UPS employees has retired in such a plan does not truly test it's long term financial viability to maintain such benefits anymore than the Teamster one did for the 3000 a month that they have been paying far far more retirees for eight full years already.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 52941"] Sawman, I am not necessarily disagreeing with it being a possibility, but that somewhere they are promising it doesn't prove it is financially sound at all. It's easy to promise it, look at the Teamsters. The fact that far less than one percent of the workpool of UPS employees has retired in such a plan does not truly test it's long term financial viability to maintain such benefits anymore than the Teamster one did for the 3000 a month that they have been paying far far more retirees for eight full years already. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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