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Brown Cafe UPS Forum
UPS Union Issues
NOT the Best Contract Ever
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<blockquote data-quote="homer123" data-source="post: 249104" data-attributes="member: 11818"><p>If market experts are saying the net will be $3.9B due to a tax and the overall debt to CSPF may affect UPS's AAA rating then it would be foolish for anyone to assume anything. Does UPS need to be financially strong? Absolutely!! Does it need to do so at the expense of those that worked 25-30 years to help build their reputation as the industry leader? One comment I read in this or another thread was (in effect) "after retirement the IBT owes you nothing."</p><p>So much for solidarity. We are in the CSPF because the IBT arranged or agreed to put us there. If the UPS plan is that viable then let those in the CSPF have the option to move their monies into it. TAKE US OUT? TAKE US ALONG!</p></blockquote><p></p>
[QUOTE="homer123, post: 249104, member: 11818"] If market experts are saying the net will be $3.9B due to a tax and the overall debt to CSPF may affect UPS's AAA rating then it would be foolish for anyone to assume anything. Does UPS need to be financially strong? Absolutely!! Does it need to do so at the expense of those that worked 25-30 years to help build their reputation as the industry leader? One comment I read in this or another thread was (in effect) "after retirement the IBT owes you nothing." So much for solidarity. We are in the CSPF because the IBT arranged or agreed to put us there. If the UPS plan is that viable then let those in the CSPF have the option to move their monies into it. TAKE US OUT? TAKE US ALONG! [/QUOTE]
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NOT the Best Contract Ever
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