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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Backlasher" data-source="post: 227504" data-attributes="member: 6276"><p>Exactly, you hit the nail dead center.</p><p> </p><p>No pension plan is gonna work. APWA can't even if they truley wanted to. </p><p>The only thing the apwa is gonna do is fracture us and weaken our bargaining chips with UPS corp.</p><p> </p><p>So lets say even 25% of our centers all vote and change over to APWA. That's 25% weaker threat of a strike. And 25% percent that would be apwa isn't gonna have squat to bargain with ether.</p><p> </p><p>And were's the fund's Apwa plans on using to get a pension plan rolling for those that vote them in???</p><p> </p><p>What of those near retirement. How do you make up 20+ yrs. of contributions plus interest and compound interest to cover those almost into retirement that would then be stuck under the APWA umbrella.</p><p> </p><p>You just can't make that up.</p><p> </p><p> Even if they some how could calculate a way to withdrawel the cash from our current fund, if they can figure out how much funds should be credited to whatever centers the APWA might win,</p><p> Their gonna take a large percentige of it as a type of early withdrawel penalty so they still will be under funded before it was to even start.</p><p> </p><p>Throughout the yrs. UPS corp. knows it's enemy and we know ours. At least our union and UPs corp. knows how each other work.</p><p> </p><p>Lets not jeapordize what bargaining chips we do have by throwng in a third wheel and fractureing what we have built in these 100 yrs. </p><p>(not sure how old teamsters is but you get the point I hope).</p><p> </p><p> </p><p>You know even if some centers due vote in the APWA doesn't obligate all centers to leave Teamsters and go with the APWA. Putting al huge divide between us.</p><p> </p><p>If comments come up to say that I'm wrong than bring up evidence to back it up or don't bother.<img src="/community/styles/default/xenforo/smilies/group1/wink.gif" class="smilie" loading="lazy" alt=":wink:" title="Wink :wink:" data-shortname=":wink:" /></p></blockquote><p></p>
[QUOTE="Backlasher, post: 227504, member: 6276"] Exactly, you hit the nail dead center. No pension plan is gonna work. APWA can't even if they truley wanted to. The only thing the apwa is gonna do is fracture us and weaken our bargaining chips with UPS corp. So lets say even 25% of our centers all vote and change over to APWA. That's 25% weaker threat of a strike. And 25% percent that would be apwa isn't gonna have squat to bargain with ether. And were's the fund's Apwa plans on using to get a pension plan rolling for those that vote them in??? What of those near retirement. How do you make up 20+ yrs. of contributions plus interest and compound interest to cover those almost into retirement that would then be stuck under the APWA umbrella. You just can't make that up. Even if they some how could calculate a way to withdrawel the cash from our current fund, if they can figure out how much funds should be credited to whatever centers the APWA might win, Their gonna take a large percentige of it as a type of early withdrawel penalty so they still will be under funded before it was to even start. Throughout the yrs. UPS corp. knows it's enemy and we know ours. At least our union and UPs corp. knows how each other work. Lets not jeapordize what bargaining chips we do have by throwng in a third wheel and fractureing what we have built in these 100 yrs. (not sure how old teamsters is but you get the point I hope). You know even if some centers due vote in the APWA doesn't obligate all centers to leave Teamsters and go with the APWA. Putting al huge divide between us. If comments come up to say that I'm wrong than bring up evidence to back it up or don't bother.:wink: [/QUOTE]
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