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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Bill" data-source="post: 194729" data-attributes="member: 5483"><p>Once again, you have turned it around. Before the restrictions, we were not allowed to work in a Teamster job or union job. That was OK, because there are alot of other choices if one chooses to work part time or full time at another endeavor. Now the Teamsters have placed so many restrictions on us, that we can't retire, and on top of that, they are giving us less money for retirement. Then they want us to retire at a later age, whereby some of us who started working at UPS at the young age of 21, will have to work 44 years to receive a full pension. Of course we know that in the next 10 or so years, there will not be any money left in the pension fund (Central States) for any of us to receive a pension check. </p><p>What I find odd, is that with all the cuts that the Teamsters are forcing upon us, our local Business agents decided to take a 10% salary increase for themselves. You can find out what your BA is earning by going to <a href="http://www.unionfacts.com" target="_blank">www.unionfacts.com</a> Is there anyone out there that knows how to find out what the pensions of the BA's are and what funds they are in?</p></blockquote><p></p>
[QUOTE="Bill, post: 194729, member: 5483"] Once again, you have turned it around. Before the restrictions, we were not allowed to work in a Teamster job or union job. That was OK, because there are alot of other choices if one chooses to work part time or full time at another endeavor. Now the Teamsters have placed so many restrictions on us, that we can't retire, and on top of that, they are giving us less money for retirement. Then they want us to retire at a later age, whereby some of us who started working at UPS at the young age of 21, will have to work 44 years to receive a full pension. Of course we know that in the next 10 or so years, there will not be any money left in the pension fund (Central States) for any of us to receive a pension check. What I find odd, is that with all the cuts that the Teamsters are forcing upon us, our local Business agents decided to take a 10% salary increase for themselves. You can find out what your BA is earning by going to [URL="http://www.unionfacts.com"]www.unionfacts.com[/URL] Is there anyone out there that knows how to find out what the pensions of the BA's are and what funds they are in? [/QUOTE]
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Is Central States pension fund ready to go under?
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