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Brown Cafe UPS Forum
UPS Union Issues
If you are thinking about voting NO…
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<blockquote data-quote="Trucker Clock" data-source="post: 5669458" data-attributes="member: 70932"><p>You know exactly what I’m getting at here. </p><p></p><p>For a pension to pay out more than what the employee made while working is bulk<img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />, unless based solely on growth. </p><p></p><p>You said it yourself. It is more based on contributions than growth. </p><p></p><p>You will get a bump in pension. Enough to keep up with wages. </p><p></p><p>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. </p><p></p><p>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. </p><p> </p><p>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. </p><p></p><p>I’m sorry if you feel you deserve $120K in retirement for a $100K job. </p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="Trucker Clock, post: 5669458, member: 70932"] 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:censored:, 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. [/QUOTE]
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