I just started posting on this site a short time ago. I was trying to find answers to questions that were not provided by the union and the company. Since my first post I have received most of the answers I was looking for. It took a number of phone calls and a lot of searching the net. I finally decided to vote yes on the contract. I think having UPS take over the pension is the only positive option we have at this time. There may be a chance that we could make a better deal, but I do not see as we can take that chance at this time.
I have spent a lot of time reading the posts on this site. There are some very good thoughts, but I am afraid there is more negativity than is warrented. When I went to the Teamster site on "teamster.net" I found very few complaints on UPS pulling out of Central States. I can only take from this that they understand that at this time there is no other way that the Central States fund can survive.
UPS is not abandoning the Central States fund. This is still our fund. UPS will be making payments to us, but we still have to have depend on the CS fund when we turn 65.
NOTHING FOR SURE. At least this is a positive move, and not a wait and hope things get better.
I have spent a lot of time reading the posts on this site. There are some very good thoughts, but I am afraid there is more negativity than is warrented. When I went to the Teamster site on "teamster.net" I found very few complaints on UPS pulling out of Central States. I can only take from this that they understand that at this time there is no other way that the Central States fund can survive.
UPS is not abandoning the Central States fund. This is still our fund. UPS will be making payments to us, but we still have to have depend on the CS fund when we turn 65.
NOTHING FOR SURE. At least this is a positive move, and not a wait and hope things get better.