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Brown Cafe UPS Forum
UPS Retirement Topics
New England Teamsters Pension Fund: More Bad News
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<blockquote data-quote="brownIEman" data-source="post: 380397" data-attributes="member: 14596"><p>Just an added note here. As you indicated, UPS wanted to set up a seperate pension plan, funded only by UPS dollars and paying benefits to only to UPSers. They did not however ask to take control of pensions, the plan they proposed was to be overseen by a committe made up of equal parts UPS representatives and Union representatives. The Teamsters would still have had equal control to prevent UPS from screwing teamster UPSers. </p><p> </p><p>However, the IBT was much better at the PR spin game in '97 and won that battle...</p></blockquote><p></p>
[QUOTE="brownIEman, post: 380397, member: 14596"] Just an added note here. As you indicated, UPS wanted to set up a seperate pension plan, funded only by UPS dollars and paying benefits to only to UPSers. They did not however ask to take control of pensions, the plan they proposed was to be overseen by a committe made up of equal parts UPS representatives and Union representatives. The Teamsters would still have had equal control to prevent UPS from screwing teamster UPSers. However, the IBT was much better at the PR spin game in '97 and won that battle... [/QUOTE]
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