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Brown Cafe UPS Forum
UPS Retirement Topics
local 804 pension problems
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<blockquote data-quote="alister" data-source="post: 144030" data-attributes="member: 7735"><p>I don’t know for sure but I been told that the local unions are in control over the pension. UPS pays money into the account along with other unionized companies (multi-employer pension). a lot of the other companies have went out of business and now not all of the money that UPS pays into the union goes to the UPS employees as some of it goes to other union retires that never worked at UPS because their company folded. I also been told this was the major issue with the strike. UPS wanted to take over the pension. I herd the rest of the offer was fairly good but the unions didn’t want to give up control of the pension because it would bankrupt the other retires from the other companies. It would be nice to finally know the truth about this.</p></blockquote><p></p>
[QUOTE="alister, post: 144030, member: 7735"] I don’t know for sure but I been told that the local unions are in control over the pension. UPS pays money into the account along with other unionized companies (multi-employer pension). a lot of the other companies have went out of business and now not all of the money that UPS pays into the union goes to the UPS employees as some of it goes to other union retires that never worked at UPS because their company folded. I also been told this was the major issue with the strike. UPS wanted to take over the pension. I herd the rest of the offer was fairly good but the unions didn’t want to give up control of the pension because it would bankrupt the other retires from the other companies. It would be nice to finally know the truth about this. [/QUOTE]
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