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Brown Cafe UPS Forum
UPS Union Issues
New England pension fund = CRITICAL
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<blockquote data-quote="brett636" data-source="post: 3920490" data-attributes="member: 249"><p>Hate to hear stuff like this, but what is the solution? Not blaming each other for it is a good start. Personally I am not a fan of a government bailout or trying to force healthy funds to subsidize the declining funds. UPS is going to throw a lot of money into these failing funds to help prop them up, but so far it doesn't seem to doing much but delaying the inevitable. Would some of you consider moving into the same UPS pension plan setup for those who were in Central States? I hope everyone in this fund is maxing out their 401ks because it doesn't look like they have a solid pension plan to rely on. We make good money and there is no good reason to spend every penny of it. Pay yourself first!</p></blockquote><p></p>
[QUOTE="brett636, post: 3920490, member: 249"] Hate to hear stuff like this, but what is the solution? Not blaming each other for it is a good start. Personally I am not a fan of a government bailout or trying to force healthy funds to subsidize the declining funds. UPS is going to throw a lot of money into these failing funds to help prop them up, but so far it doesn't seem to doing much but delaying the inevitable. Would some of you consider moving into the same UPS pension plan setup for those who were in Central States? I hope everyone in this fund is maxing out their 401ks because it doesn't look like they have a solid pension plan to rely on. We make good money and there is no good reason to spend every penny of it. Pay yourself first! [/QUOTE]
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New England pension fund = CRITICAL
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