Letter about pension cuts - not CSPF

Discussion in 'UPS Discussions' started by retired2000, Oct 8, 2015.

  1. retired2000

    retired2000 Active Member

    Just met a few retires from ny. One of them said that upser's in buffalo are suppose to get a letter soon about our pension cuts here any truth to this
     
  2. Wally

    Wally Hailing from Parts Unknown.

    What pension are you in?
     
  3. retired2000

    retired2000 Active Member

    Teamsters upstate my
     
  4. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I am in the same pension plan and this is the first I have heard of any cuts. We have a union meeting on Saturday and I will ask my BA about it.
     
  5. Lead Belly

    Lead Belly BANNED

    When the omnibus budget passed last year it opened a Pandora's box to cut any underfunded multi employer pension fund.
     
  6. retired2000

    retired2000 Active Member

    Thanks upstate just trying to see where this is going
     
  7. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Any idea what you're currently funded at?
     
  8. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Well if it's underfunded......
     
  9. Ms.PacMan

    Ms.PacMan Well-Known Member

    Hopefully there's no letter coming....it might just be confusion because of reading about Teamsters cutting pensions in the news.
     
  10. Lead Belly

    Lead Belly BANNED

    It's sad but reality hurts sometimes.
     
  11. bottomups

    bottomups Bad Moon Risen'

    Got my letter last January. My pension was increased this year. Talked with my BA a couple months ago and he informed me the pension would be increased again next January. Expecting that letter early in 2016. Local 344's pension fund is very well managed.
     
  12. brownmonster

    brownmonster Man of Great Wisdom

    I guess 67%.
     
  13. brownmonster

    brownmonster Man of Great Wisdom

    It was nice that the locals leadership audibled out of joining Central States back in the day.
     
  14. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I think it is in the low 60's.
     
  15. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    I'd say a pension cut is likely a good call then.
     
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  16. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    So if your not in CS, even as a ups employee, your screwed?
     
  17. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    That would depend on your pension fund.


    @UpstateNYUPSer pension pays $5,000 plus a month. That's likely not sustainable
     
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  18. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    We are already in our second rehab plan.

    It's not working.
     
  19. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    It's not and I think cuts should made to all those who retire after 7/1/18.
     
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    No.