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Brown Cafe UPS Forum
UPS Retirement Topics
local 804 pension problems
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<blockquote data-quote="psstdrvr" data-source="post: 142511" data-attributes="member: 1500"><p>I wonder how much of an employee turnover we'll have now that pension benefits have been cut by 30%? People who have 5-10 years in will have to question if this job has any future left, as UPS has now further cut the incentive to work here. Senior employees obviously have no reason to stick around as there will be no future increases in the pension. The companies HR rep told me the plan will not return to what it was, period.</p><p>UPS will have a difficult time trying to survive the next 100 years, I will certainly not give 100% when my pension is diminished by 30%!!!! UPS just took a lot of money out of our families future.</p></blockquote><p></p>
[QUOTE="psstdrvr, post: 142511, member: 1500"] I wonder how much of an employee turnover we'll have now that pension benefits have been cut by 30%? People who have 5-10 years in will have to question if this job has any future left, as UPS has now further cut the incentive to work here. Senior employees obviously have no reason to stick around as there will be no future increases in the pension. The companies HR rep told me the plan will not return to what it was, period. UPS will have a difficult time trying to survive the next 100 years, I will certainly not give 100% when my pension is diminished by 30%!!!! UPS just took a lot of money out of our families future. [/QUOTE]
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