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Brown Cafe UPS Forum
UPS Union Issues
Not one valid reason to stay with the Teamsters
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<blockquote data-quote="tieguy" data-source="post: 154089" data-attributes="member: 1912"><p>IN fairness to the issue central states is not the only plan hurting but is the most extreme example. In 2003 11 of 21 teamster multi-employer plans were at 70 percent or less. I have not seen any recent figures to see if any of those plans have rebounded. Many locals and many retirement plans have reduced beni's in some way to address the problems. In fairness to the issue the rising cost of pensions and beni's is not endemic to the teamster multi-employer plans but seems to affect multi-employer plans more so then single employer plans.</p></blockquote><p></p>
[QUOTE="tieguy, post: 154089, member: 1912"] IN fairness to the issue central states is not the only plan hurting but is the most extreme example. In 2003 11 of 21 teamster multi-employer plans were at 70 percent or less. I have not seen any recent figures to see if any of those plans have rebounded. Many locals and many retirement plans have reduced beni's in some way to address the problems. In fairness to the issue the rising cost of pensions and beni's is not endemic to the teamster multi-employer plans but seems to affect multi-employer plans more so then single employer plans. [/QUOTE]
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Not one valid reason to stay with the Teamsters
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