More than 100 UPS retirees protest proposed pension cuts - Fox 4
More than 100 retirees gathered outside two UPS terminals Thursday to protest a company plan to cut their pensions by 20 percent.
Many are calling it the latest attack on the Central States Teamster Pension Plan.
There are 32,000 workers in Missouri alone who are vested in this pension plan. And protesters claim they all would feel the pain, arguing that if UPS can cut pension payments by 20 percent, other employers will follow.
More than 100 retirees gathered outside two UPS terminals Thursday to protest a company plan to cut their pensions by 20 percent.
Many are calling it the latest attack on the Central States Teamster Pension Plan.
There are 32,000 workers in Missouri alone who are vested in this pension plan. And protesters claim they all would feel the pain, arguing that if UPS can cut pension payments by 20 percent, other employers will follow.