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Brown Cafe UPS Forum
UPS Retirement Topics
local 804 pension problems
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<blockquote data-quote="Cezanne" data-source="post: 144210" data-attributes="member: 5104"><p>Still remember the local meeting in our area with a representative of Central States explaining the cuts. Here is a hint, keep the hot heads and those trying to run for office from hogging the floor. Get your smart people to organize a list of questions and make sure you understand their responses, grab any paper that helps explain why these cuts are necessary. Should be two representatives there, one company and one union, expect the company one not to be present to answer questions. The people who are going to be affected more with these cuts are going to the less seniority ones, help them out. Just from looking at your benefits, anybody with 20 plus years under the plan will not be hurting that much. Again, watch for raises in your retirement health and welfare costs prior to age 62, and elimination of that 25 and out benefit. The longer they can keep from paying our pension and health and welfare benefits, the better the plan will do and that is all these trustees are concerned about.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 144210, member: 5104"] Still remember the local meeting in our area with a representative of Central States explaining the cuts. Here is a hint, keep the hot heads and those trying to run for office from hogging the floor. Get your smart people to organize a list of questions and make sure you understand their responses, grab any paper that helps explain why these cuts are necessary. Should be two representatives there, one company and one union, expect the company one not to be present to answer questions. The people who are going to be affected more with these cuts are going to the less seniority ones, help them out. Just from looking at your benefits, anybody with 20 plus years under the plan will not be hurting that much. Again, watch for raises in your retirement health and welfare costs prior to age 62, and elimination of that 25 and out benefit. The longer they can keep from paying our pension and health and welfare benefits, the better the plan will do and that is all these trustees are concerned about. [/QUOTE]
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