Management Pension Change

Discussion in 'UPS Partners' started by Tarnsman, Aug 1, 2007.

  1. Tarnsman

    Tarnsman Guest

    When will the management pension change be announced & what will the changes be ?.....I am happy with both the Teamsters & UPS but I surely do not want UPS to gain control of my pension if their own management pension is lowered......How can we trust UPS while they screw their management ?
     
  2. Why would you want a reputable company like UPS manage your pension? Ask anyone in the Central States who is going broke. Or go ask the people in Central Pennsylvania...they collect $1,500/mth after 30 years. Sure the company's not perfect...but I'd let them manage my retirement over some crooks.
     
  3. tieguy

    tieguy Banned


    you make a lot of assumptions on something that has been nothing more then a bunch of will rumors for a number of years.

    Your comment defies logic. The latest rumor is ups getting out of the pension business and offering us the self managed option through 401k match. If so then why would they want to manage your pension. We don't have anything on the table even close to our managing your pension.

    again you make a lot of assumptions.
     
  4. local804

    local804 Well-Known Member

    Would you let UPS manage your pension or would you let Morgan Stanley,Bankers Trust, and JP Morgan manage your pension????


    Let UPS stick to delivering the packages and servicing the customers (which service isnt even on our trucks anymore) and let the professionals deal with our money. BTW Morgan,Bankers trust and JP all were part of the CS pension. I guess they are the people who you are calling the crooks.
     
  5. Anon1

    Anon1 Guest

    >>BTW Morgan, Bankers trust and JP all were part of the CS pension.>>

    Then what the heck happened?
     
  6. athena

    athena Member

    I don't think the problem was as much investing poorly (although there certainly were crooks, at least at one time, involved in CS, a.k.a. the mafia). The problem is the whole multiemployer part of the plan. Can the people that have been lost from the loss of the other companies be made up through other companies (i.e. FedEx). And is CS too far gone to be fixed?
     
  7. moreluck

    moreluck golden ticket member

    Athena....your rep. power is at "666" !!! :sad:
     
  8. local804

    local804 Well-Known Member

    Anon, If I could personally answer the question I would not be delivering brown boxes all day.
    Athena,
    At one time the blame could have been placed on the "mafia" The pension fund has been under federal oversight for some time now.
     
  9. local804

    local804 Well-Known Member

    took care of that in a hurry.......
     
  10. Braveheart

    Braveheart New Member

    I have been told by multiple Managers that they are in fact doing away with the traditional management pension plan. I hope they group you guys in with our new pension so if we get shafted down the road, you get shafted down the road. And the managers get a pension, and matching 401k funds, and 1/2 months salary bonus at Christmas, and stock bonuses, and the dividends that go with them. So any idea that we should switch to a simple 401k matching in place of our pension is lacking just a wee bit.
     
  11. athena

    athena Member

    Oh, yeah, I know. I don't know why I even included that. I was trying to make a point that I didn't think anyone was truly acting criminally except for the actual criminals. Things just happen and I don't think blaming one person or another is going to make anything better. The questions is what to do now. What is the best solution for the employees under the CS plan.
     
  12. athena

    athena Member

    Thanks. You have saved me from the darkness :devil::taz::gun_banda:devil2::2guns: and shown me the light :angel::p:clap:;):angel:.