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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="satellitedriver" data-source="post: 179442" data-attributes="member: 1664"><p>Your plan for the pension is a great and better idea.</p><p>It should be the money contibuted for pension and benefits should only go to those that earned them. On this point, we are in total agreement.</p><p>Past,present and future teamsters proposals for UPS retirement and benefit plans will never allow UPSERS to get a 100% of the monies contributed on their behalf.</p><p>APWA, at least gives us this option.</p><p>Numbers be damned ,about who is contributing and who is receiving at other companies. </p><p>As long as the monies go only to past,present and future UPSERS,we of UPSERS have a measure of control.</p><p>The teamsters will never get give up the control of these monies. It is their lifeblood.</p><p> </p><p>The only point of contention you seem to express is that the APWA has no history in bargaining wages and benefits. </p><p>The teamster history on bargaining wages is great.(Only because that is what dues are based on.) </p><p>Their choice of pension and health benefit providers(and it is their choice not ours)has been less than stellar.</p><p>If we as UPSERS screwup with the money provided by UPS, then it will be our own fault. </p><p>If we as UPSERS give away the money to other teamsters provided by UPS, then it really will be our fault.</p><p>SS will pay me almost double (net) than 25yrs with CS.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 179442, member: 1664"] Your plan for the pension is a great and better idea. It should be the money contibuted for pension and benefits should only go to those that earned them. On this point, we are in total agreement. Past,present and future teamsters proposals for UPS retirement and benefit plans will never allow UPSERS to get a 100% of the monies contributed on their behalf. APWA, at least gives us this option. Numbers be damned ,about who is contributing and who is receiving at other companies. As long as the monies go only to past,present and future UPSERS,we of UPSERS have a measure of control. The teamsters will never get give up the control of these monies. It is their lifeblood. The only point of contention you seem to express is that the APWA has no history in bargaining wages and benefits. The teamster history on bargaining wages is great.(Only because that is what dues are based on.) Their choice of pension and health benefit providers(and it is their choice not ours)has been less than stellar. If we as UPSERS screwup with the money provided by UPS, then it will be our own fault. If we as UPSERS give away the money to other teamsters provided by UPS, then it really will be our fault. SS will pay me almost double (net) than 25yrs with CS. [/QUOTE]
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Is Central States pension fund ready to go under?
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