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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: 53008"><p>OK2, </p><p>No that is wrong, all members get the same pension based on there years of service, but all companies do not pay the same in per person, To my knowledge UPS is the only company that pays in enough to cover there employees pension in full the rest of the companies pensions are supplemented by UPS money, this is why there is such hostility towards those that talk about leaving. Because UPS carries the brunt of the load for paying all the pensions. At present UPSers only get 40 cents of every dollar paid in for them, the other 60 cents goes to pay other companies pensions. </p><p> </p><p>As far as the documentation,I will do some research and try to find were all this info is. Most of it comes from many different sources, a little hear a little there. But I will try and locate some of it and get back to you.</p></blockquote><p></p>
[QUOTE="sawman, post: 53008"] OK2, No that is wrong, all members get the same pension based on there years of service, but all companies do not pay the same in per person, To my knowledge UPS is the only company that pays in enough to cover there employees pension in full the rest of the companies pensions are supplemented by UPS money, this is why there is such hostility towards those that talk about leaving. Because UPS carries the brunt of the load for paying all the pensions. At present UPSers only get 40 cents of every dollar paid in for them, the other 60 cents goes to pay other companies pensions. As far as the documentation,I will do some research and try to find were all this info is. Most of it comes from many different sources, a little hear a little there. But I will try and locate some of it and get back to you. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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