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UPS Union Issues
Inflation
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<blockquote data-quote="Bubblehead" data-source="post: 5675572" data-attributes="member: 14176"><p>The employer is not interested in contributing to a pension fund on behalf of employees that are no longer on the payroll.</p><p>It's not that they can't, it's that they wont and I don't blame them.</p><p></p><p>Comparing a private sector pension fund to Social Security (which projected to go insolvent) is nowhere near an apples to apples comparison.</p><p></p><p>....and there is no "standard inflation rate", just historical trends and it's nowhere 11% or even 5 %, it's actually about half that.</p><p></p><p>Conversely if you examine the statistical data for any similar extended period of time, you will realize that our raises have outpaced inflation, which is what allowed top scale to climb all the way into the low $40s/hr and will be nearly $50/hr by the end of this contract.</p><p></p><p>It's comical to watch people who believe that UPS is in business to provide them a job and total financial security all the way to the grave.</p><p></p><p>What is being proposed in this thread will never happen,....ever.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 5675572, member: 14176"] The employer is not interested in contributing to a pension fund on behalf of employees that are no longer on the payroll. It's not that they can't, it's that they wont and I don't blame them. Comparing a private sector pension fund to Social Security (which projected to go insolvent) is nowhere near an apples to apples comparison. ....and there is no "standard inflation rate", just historical trends and it's nowhere 11% or even 5 %, it's actually about half that. Conversely if you examine the statistical data for any similar extended period of time, you will realize that our raises have outpaced inflation, which is what allowed top scale to climb all the way into the low $40s/hr and will be nearly $50/hr by the end of this contract. It's comical to watch people who believe that UPS is in business to provide them a job and total financial security all the way to the grave. What is being proposed in this thread will never happen,....ever. [/QUOTE]
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