What'dyabringmetoday???
Well-Known Member
If money is paid in all those years on someone it would stand to reason there would be enough to pay their pension. Something else happening.
If you are thinking about voting NO…
- Thread starter fattybrown
- Start date
UnionStrong
Sorry, but I don’t care anymore.
They got it, that’s why it’s funded.
Trucker Clock
Well-Known Member
You know exactly what I’m getting at here.
For a pension to pay out more than what the employee made while working is bulk
, unless based solely on growth. You said it yourself. It is more based on contributions than growth.
You will get a bump in pension. Enough to keep up with wages.
We are at half of what you get. And it had nothing to do with managing the fund. We are under the UPS/IBT fund. It is 102% funded. So the money is there, but we take a 50% pay cut to retire.
You take nothing. You make the same amount retired as you make working. So I’m sorry if I don’t feel your disappointment in the contract and your disgust that you feel like you deserve more.
A pension should center pay out more than what an employee made while working. You are already there. And you’re going to keep up with the pension increases.
I’m sorry if you feel you deserve $120K in retirement for a $100K job.
Yes, we could have done better. But as a whole, not bad. You are still going to keep your outrageous pension, twice what most people get.
UnionStrong
Sorry, but I don’t care anymore.
Where, N.Korea?
DELACROIX
In the Spirit of Honore' Daumier
You know exactly what I’m getting at here.
For a pension to pay out more than what the employee made while working is bulk
You said it yourself. It is more based on contributions than growth.
You will get a bump in pension. Enough to keep up with wages.
We are at half of what you get. And it had nothing to do with managing the fund. We are under the UPS/IBT fund. It is 102% funded. So the money is there, but we take a 50% pay cut to retire.
You take nothing. You make the same amount retired as you make working. So I’m sorry if I don’t feel your disappointment in the contract and your disgust that you feel like you deserve more.
A pension should center pay out more than what an employee made while working. You are already there. And you’re going to keep up with the pension increases.
I’m sorry if you feel you deserve $120K in retirement for a $100K job.
Yes, we could have done better. But as a whole, not bad. You are still going to keep your outrageous pension, twice what most people get.
From my understanding when a pension fund reaches that 100 percent threshold the employers do not have to put in anymore monetary contributions to cover their promised benefits. They can maintain their required vesting ratios by just their returns on their investments.
For example the IBT/UPS Pension Plan has the ability to forfeit their end of the year monetary contributions if it is presently sitting at 102 percent, it depends on their investment returns for that particular year.
That was the real reason for the “97” strike, the Company was going to use the Central’s future underfunding as an excuse to take over every “Monetary Contribution Plan” that they were contributed to like the West and DC.
They got half of their goal when the Union agreed to let UPS out of their pension obligations under the Central in 2008.
Their ultimate goal was to get Western’s, probably a pipe dream by now.
Just A UPS Guy
Bully.
No, sir, you're way off base. I will make nowhere near in retirement what I make now, I don't know anyone who does, frankly. I'm not saying they should take anything away from you to make up for me, I don't know why you take it so personally that I'm offended by the shell game going on here. I'm glad you got a boost, well overdue, but that doesn't affect me.You know exactly what I’m getting at here.
For a pension to pay out more than what the employee made while working is bulk
You said it yourself. It is more based on contributions than growth.
You will get a bump in pension. Enough to keep up with wages.
We are at half of what you get. And it had nothing to do with managing the fund. We are under the UPS/IBT fund. It is 102% funded. So the money is there, but we take a 50% pay cut to retire.
You take nothing. You make the same amount retired as you make working. So I’m sorry if I don’t feel your disappointment in the contract and your disgust that you feel like you deserve more.
A pension should center pay out more than what an employee made while working. You are already there. And you’re going to keep up with the pension increases.
I’m sorry if you feel you deserve $120K in retirement for a $100K job.
Yes, we could have done better. But as a whole, not bad. You are still going to keep your outrageous pension, twice what most people get.
Settle down
I'll be interested in what they have to say.
Wally
BrownCafe Innovator & King of Puns
And the Teamsters just raised them to $5300.
UPS Teamsters Local Unions Endorse Tentative Agreement
(WASHINGTON) – Teamsters local unions representing 340,000 full- and part-time workers at UPS voted 161-1 on Monday to endorse the tentative agreement reached
teamster.org
UnionStrong
Sorry, but I don’t care anymore.
WTF
We'll all be back after the conference call
Wally
BrownCafe Innovator & King of Puns
I guess your local was raised to $5300 too?
UnionStrong
Sorry, but I don’t care anymore.
Looks like a rubber stamp.Wrong buckoUPS Teamsters Local Unions Endorse Tentative Agreement
(WASHINGTON) – Teamsters local unions representing 340,000 full- and part-time workers at UPS voted 161-1 on Monday to endorse the tentative agreement reached
Unfortunately no
Give me $5,300 now I'll walk out the door, strike that I will run on the freaking door
Well they haven't met Gumby yet
