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Brown Cafe UPS Forum
UPS Union Issues
Has the Teamsters sold you out?
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<blockquote data-quote="Bill" data-source="post: 199339" data-attributes="member: 5483"><p>True, the future can not be predicted, but if we were in a single pension plan, we would not be in the mess we are in today. the fact is, is that if we had invested the money that UPS contributed over the past 30 years, we would have approximately $800,000 each, enough to adequately fund a monthly pension at a minimum of $6000-$7000. Thanks to the mismanaged pension fund in Central States, we are on the brink of insolvency, and looking at receiving only $1000 per month on which to retire on. Should we continue on this wreckless path by sticking with the Teamsters, or it is time to correct our situation by choosing an alternative union?</p></blockquote><p></p>
[QUOTE="Bill, post: 199339, member: 5483"] True, the future can not be predicted, but if we were in a single pension plan, we would not be in the mess we are in today. the fact is, is that if we had invested the money that UPS contributed over the past 30 years, we would have approximately $800,000 each, enough to adequately fund a monthly pension at a minimum of $6000-$7000. Thanks to the mismanaged pension fund in Central States, we are on the brink of insolvency, and looking at receiving only $1000 per month on which to retire on. Should we continue on this wreckless path by sticking with the Teamsters, or it is time to correct our situation by choosing an alternative union? [/QUOTE]
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Has the Teamsters sold you out?
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