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Brown Cafe UPS Forum
UPS Union Issues
is there any chance of 25 and out at any age next contract?
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<blockquote data-quote="barnyard" data-source="post: 1462352" data-attributes="member: 13921"><p>The economics of defined benefit retirement plans do not work. In Europe, pensions fluctuate with the economy. Their belief is that the health of the plan is more important than keeping a defined benefit.</p><p></p><p>Here in the states, retirees scream if their benefit is reduced, even if maintaining a specific monthly payment means bankrupting the plan.</p><p></p><p>I suspect increases in the cost of health care is going to doom most defined benefit pensions. Maybe that would bring about a plan to transition to a defined contribution plan.</p></blockquote><p></p>
[QUOTE="barnyard, post: 1462352, member: 13921"] The economics of defined benefit retirement plans do not work. In Europe, pensions fluctuate with the economy. Their belief is that the health of the plan is more important than keeping a defined benefit. Here in the states, retirees scream if their benefit is reduced, even if maintaining a specific monthly payment means bankrupting the plan. I suspect increases in the cost of health care is going to doom most defined benefit pensions. Maybe that would bring about a plan to transition to a defined contribution plan. [/QUOTE]
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is there any chance of 25 and out at any age next contract?
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