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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="sawman" data-source="post: 53005"><p>WK, while the Health care cost is a major issue, it isn't the problem with the pension funds. The main problem with the CS health care system is that they are milking us for way more than the acctuaul cost of our health care coverage. If you are in touch with Mr. Skillman, ask him to explain this, and how the APWA can offer so much better coverage for so much less money. </p><p> The problem with our pension is the multi-employer system. So many trucking companies going under, and who foots the bill for there retirees? WE DO! out of our retirement money, the companies that go under no longer contribute to the fund but there retirees still draw a check, and I know, your going to say that the money was paid while the retiree was working, but the company didn't pay in enough to cover his pension, so UPS picks up the tab. There are also more retirement checks going out than there are active workers so the fund goes further in the hole each month. A result of the Teamsters union not doing there job of organizing enough people to balance the system. </p><p> </p><p>This is why, while I have sympathy for these people that there companies are not paying there fair share, the answer is not for us to keep taking loses so that they keep getting there checks. Our company is paying for ours, so we should get our pension in full no questions asked, they need to look to there companies for the money and stop looking to UPS for it. </p><p>That is why getting out and starting our own UPS only pension fund is the only way that we and our pensions will servive.</p></blockquote><p></p>
[QUOTE="sawman, post: 53005"] WK, while the Health care cost is a major issue, it isn't the problem with the pension funds. The main problem with the CS health care system is that they are milking us for way more than the acctuaul cost of our health care coverage. If you are in touch with Mr. Skillman, ask him to explain this, and how the APWA can offer so much better coverage for so much less money. The problem with our pension is the multi-employer system. So many trucking companies going under, and who foots the bill for there retirees? WE DO! out of our retirement money, the companies that go under no longer contribute to the fund but there retirees still draw a check, and I know, your going to say that the money was paid while the retiree was working, but the company didn't pay in enough to cover his pension, so UPS picks up the tab. There are also more retirement checks going out than there are active workers so the fund goes further in the hole each month. A result of the Teamsters union not doing there job of organizing enough people to balance the system. This is why, while I have sympathy for these people that there companies are not paying there fair share, the answer is not for us to keep taking loses so that they keep getting there checks. Our company is paying for ours, so we should get our pension in full no questions asked, they need to look to there companies for the money and stop looking to UPS for it. That is why getting out and starting our own UPS only pension fund is the only way that we and our pensions will servive. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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