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Brown Cafe UPS Forum
UPS Union Issues
IBT proposal thus far.
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<blockquote data-quote="beentheredonethat" data-source="post: 1100136" data-attributes="member: 4886"><p>I love this... the union pisses away the money in the pension fund, and due to laws about multi employer funds, the last company standing gets stuck with the bill. So UPS is paying for piss poor mgmt of the teamster pension fund to the tuen of 43 million per year for 50 years. You don't call that a bailout? That's laugable.</p><p></p><p></p><p>As I've said many times before, show a financial advisor what UPS contributes on your behalf for pension (esp in New England). Then show them what you get at retirement. They will tell you that you are getting screwed. Up in New England, add in the fact that UPS contributes to the pension fund for PT'ers many of which won't make it til 5 year vesting. You should have huge pensions..</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1100136, member: 4886"] I love this... the union pisses away the money in the pension fund, and due to laws about multi employer funds, the last company standing gets stuck with the bill. So UPS is paying for piss poor mgmt of the teamster pension fund to the tuen of 43 million per year for 50 years. You don't call that a bailout? That's laugable. As I've said many times before, show a financial advisor what UPS contributes on your behalf for pension (esp in New England). Then show them what you get at retirement. They will tell you that you are getting screwed. Up in New England, add in the fact that UPS contributes to the pension fund for PT'ers many of which won't make it til 5 year vesting. You should have huge pensions.. [/QUOTE]
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