Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="ok2bclever" data-source="post: 53010"><p>Could you post the actual source you are getting these figures from? </p><p> </p><p>My understanding is there are 18 plus company contribution levels at CS with appropriate payouts for pensions that are reflective of the level paid in so the figures do not seem like they would be correct unless UPS now represents close to 75 percent of the active employees, which I do not believe is the case. </p><p> </p><p>I know it is a great rallying cry that UPS is carry the pension, but I want to know why as those from companies that went under were paid for by those companies for every hour/day of credit they have in the fund. </p><p> </p><p>When those companies went under the employees stopped getting any further credit towards their pension so what they got they earned and it was paid for by their company. </p><p> </p><p>It appears that the system was set up to pay out th e current level of benefits in an ongoing IOU paid for by the existing companies and that is where UPS is now feeling the burden rather than any so called free rides.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 53010"] Could you post the actual source you are getting these figures from? My understanding is there are 18 plus company contribution levels at CS with appropriate payouts for pensions that are reflective of the level paid in so the figures do not seem like they would be correct unless UPS now represents close to 75 percent of the active employees, which I do not believe is the case. I know it is a great rallying cry that UPS is carry the pension, but I want to know why as those from companies that went under were paid for by those companies for every hour/day of credit they have in the fund. When those companies went under the employees stopped getting any further credit towards their pension so what they got they earned and it was paid for by their company. It appears that the system was set up to pay out th e current level of benefits in an ongoing IOU paid for by the existing companies and that is where UPS is now feeling the burden rather than any so called free rides. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
Top