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Healthcare takeover by the Teamsters
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<blockquote data-quote="Asskicker" data-source="post: 1141690" data-attributes="member: 45097"><p>Here is what I am thinking. Hoffa allowed UPS to pull it's money out of the Central States pension even though the pension was already underfunded. They just lost Overnight who went on strike and failed. Hostess just went on strike and failed. Yet they let UPS take over 6 million dollars OUT of this fund. In return they were given the opportunity to organize UPS Freight employees. Of course the Union looking to get new membership after screwing up two strikes and losing these members. This might help UPS employees because if CS pension goes belly up at least UPSers should get some kind of pension from the company.</p><p></p><p>Fast forward to this contract. Out of left field we are told that we will be pushed into this Central States healthcare plan and moved out of UPS's plan. Central States? Really? We will now pay deductibles, and retirees will pay a much higher monthly premium. So I did some research. UPS employs over 400,000 people. There are about 70,000 current retirees. So do the math. I checked how much a premium would be if I went to an insurance company and got the coverage we now have. It would be over $600 a month. So if the Teamsters are buying for such a huge number of employees lets say they pay half of that per employee. Let's go with 300,000 since some of these are going to be insured by their own locals, and some are Management. Okay...so that would be 90,000,000 a year. There are currently 70,000 retirees. They will be paying $300 a month now. That comes to 250,000,000. HHHmmmmmmm. HHHHHHmmmmmmm. </p><p></p><p>My train of thought is that Hoffa had this in mind the whole time because he allowed UPS to take out all of that money because he had something he wanted...UPS Freight. Now he has to find a way to fund that pension shortfall. What better way then take over our healthcare, make us pay deductibles which I will guarantee you will definitely be going up once this is passed...and sock the retirees who can't vote on this to pay such a high premium to get money to refund Hoffa's mess. Oh and by the way, the higher our deductible is, the lower the premium is that the Union will pay the insurance company. It's all starting to make sense to me now. What do you guys think? Hoffa and Hall are real pieces of work. Why should we bail out the Teamsters who mismanaged the money in this pension? <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" /> Hoffa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!</p></blockquote><p></p>
[QUOTE="Asskicker, post: 1141690, member: 45097"] Here is what I am thinking. Hoffa allowed UPS to pull it's money out of the Central States pension even though the pension was already underfunded. They just lost Overnight who went on strike and failed. Hostess just went on strike and failed. Yet they let UPS take over 6 million dollars OUT of this fund. In return they were given the opportunity to organize UPS Freight employees. Of course the Union looking to get new membership after screwing up two strikes and losing these members. This might help UPS employees because if CS pension goes belly up at least UPSers should get some kind of pension from the company. Fast forward to this contract. Out of left field we are told that we will be pushed into this Central States healthcare plan and moved out of UPS's plan. Central States? Really? We will now pay deductibles, and retirees will pay a much higher monthly premium. So I did some research. UPS employs over 400,000 people. There are about 70,000 current retirees. So do the math. I checked how much a premium would be if I went to an insurance company and got the coverage we now have. It would be over $600 a month. So if the Teamsters are buying for such a huge number of employees lets say they pay half of that per employee. Let's go with 300,000 since some of these are going to be insured by their own locals, and some are Management. Okay...so that would be 90,000,000 a year. There are currently 70,000 retirees. They will be paying $300 a month now. That comes to 250,000,000. HHHmmmmmmm. HHHHHHmmmmmmm. My train of thought is that Hoffa had this in mind the whole time because he allowed UPS to take out all of that money because he had something he wanted...UPS Freight. Now he has to find a way to fund that pension shortfall. What better way then take over our healthcare, make us pay deductibles which I will guarantee you will definitely be going up once this is passed...and sock the retirees who can't vote on this to pay such a high premium to get money to refund Hoffa's mess. Oh and by the way, the higher our deductible is, the lower the premium is that the Union will pay the insurance company. It's all starting to make sense to me now. What do you guys think? Hoffa and Hall are real pieces of work. Why should we bail out the Teamsters who mismanaged the money in this pension? :censored: Hoffa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! [/QUOTE]
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