More gloom and doom..CS is tanking

Discussion in 'UPS Discussions' started by Photog, Apr 11, 2015.

  1. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Anyone else get their letter today from the Central States Pension Fund?

    Looks like a reduction in benefits is becoming inevitable.


    Town hall Meeting Calls

    1-877-327-9495 passcode 111566

    Retirees: April 14th 5 pm Central

    Active: April 14th 8 pm Central
     
  2. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

  3. BigUnionGuy

    BigUnionGuy Got the T-Shirt

    Lets see a picture of the letter you received.
     
  4. With the new USA budget,than can do some heavy cuts to underfunded pension funds. I haven't heard of any plans doing it...yet. But its coming. To an underfunded plan soon!
     
  5. oldngray

    oldngray nowhere special

    This was certain to happen eventually after UPS pulled out and CS blew through the payout money.
     
  6. BigUnionGuy

    BigUnionGuy Got the T-Shirt


    Central States had a meeting on 4/8/15.

    And hellfire.... says he already has written correspondence.


    I call BS.



    -Bug-
     
  7. oldngray

    oldngray nowhere special

    It doesn't pass the smell test. But if you read it on the internet it must be true!
     
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  8. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Our BA had similar correspondence at our meeting this morning.
     
  9. oldngray

    oldngray nowhere special

    My concern is about the UPS promise to cover any shortages from Central States. It wouldn't surprise me if they tried to wiggle out of that agreement.
     
  10. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    This is covered in that letter.
     
  11. oldngray

    oldngray nowhere special

    What did it say?
     
  12. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    im working on posting a pic, ive never done it here
     
  13. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

  14. Lead Belly

    Lead Belly BANNED

    image.jpg If you scroll all the way down to the bottom you can download the letter.
     
  15. He might be. Don't know him and I'm not in the CS plan.
     
  16. Johney

    Johney Raise your hand if you think Upstate is a D-Bag

    I got the same letter today. Although they didn't go into full detail as to what the "rescue" plan is going to consist of it seemed to me to have much to do with current retirees and cuts? I'm not %100 sure.
     
  17. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

  18. raceanoncr

    raceanoncr Well-Known Member

    cs 002.jpgcs 003.jpg
     
  19. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    kind of ruined Saturday didn't it...this is serious stuff
     
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  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Our BA said that UPS anticipated this and positioned themselves such that our retirees would be the last ones affected by an cuts, which could be as high as 30% for non-UPS retirees.