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UPS Subsidiaries
UPS Freight = TForce Freight
Our Pension program is taking a hit at UPS !
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<blockquote data-quote="1980" data-source="post: 146608" data-attributes="member: 5559"><p><strong>804 Pension</strong></p><p></p><p>804 pension is not a total 30% roll back. You are frozen at your pension level that you accured till now,then any future years are cut @30%. ie you will receive 100 per year for all prior years of credit are . Future years will be @ 66.7 per year. PENSION REFORM LAWS CAUSED THIS, PLANS WERE FRONT LOADED.THE PENSION REFORM ACT MAKES THIS PRACTICE NOW IMPOSSIBLE.Hence the roll back. Company sits on most ,if not all pension boards, so dont blame the teamsters.The rules were changed while the game was being played. That and bankrupt companies and poor investment returns due to very low interest and bond rates for the past 5 years.<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /></p></blockquote><p></p>
[QUOTE="1980, post: 146608, member: 5559"] [b]804 Pension[/b] 804 pension is not a total 30% roll back. You are frozen at your pension level that you accured till now,then any future years are cut @30%. ie you will receive 100 per year for all prior years of credit are . Future years will be @ 66.7 per year. PENSION REFORM LAWS CAUSED THIS, PLANS WERE FRONT LOADED.THE PENSION REFORM ACT MAKES THIS PRACTICE NOW IMPOSSIBLE.Hence the roll back. Company sits on most ,if not all pension boards, so dont blame the teamsters.The rules were changed while the game was being played. That and bankrupt companies and poor investment returns due to very low interest and bond rates for the past 5 years.:w00t: [/QUOTE]
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Our Pension program is taking a hit at UPS !
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