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Brown Cafe UPS Forum
UPS Retirement Topics
local 804 pension problems
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<blockquote data-quote="local804" data-source="post: 142750" data-attributes="member: 1123"><p>The pension fund was underfunded and it will be cut by 30%. All of your past years will be 100% with next year at 70% and so on. The level it was at was very close to the gvmt taking it over. There was a 6 man vote(3 ups 3 union) and it was a 4-2 vote for this move. You also say that the union has not given you any information re this?</p><p>There is a general membership meeting this month along with a shop steward meeting also where this is the top priority. I suggest you clean out your ears, bring your notepad to take notes because I think you just dont listen.If you have any other questions or need directions to Lake Success for the meeting, feel free to call for directions 718-786-5700</p></blockquote><p></p>
[QUOTE="local804, post: 142750, member: 1123"] The pension fund was underfunded and it will be cut by 30%. All of your past years will be 100% with next year at 70% and so on. The level it was at was very close to the gvmt taking it over. There was a 6 man vote(3 ups 3 union) and it was a 4-2 vote for this move. You also say that the union has not given you any information re this? There is a general membership meeting this month along with a shop steward meeting also where this is the top priority. I suggest you clean out your ears, bring your notepad to take notes because I think you just dont listen.If you have any other questions or need directions to Lake Success for the meeting, feel free to call for directions 718-786-5700 [/QUOTE]
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