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Brown Cafe UPS Forum
UPS Union Issues
Pension change rumor
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<blockquote data-quote="Inthegame" data-source="post: 1551316" data-attributes="member: 37112"><p>If I had a $5500 pension at 55, I'd be retired years ago.</p><p></p><p>Once again, the "union" doesn't pay out pensions, the Pension Trust Fund does. Not connected with the union treasury in any way (regardless of FOX News lies).</p><p>The union treasury does take a hit when a top rate ($34+)dues payer retires and gets replaced with a $18.75 progression new hire. So there is no incentive for early retirees from a union treasury standpoint.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1551316, member: 37112"] If I had a $5500 pension at 55, I'd be retired years ago. Once again, the "union" doesn't pay out pensions, the Pension Trust Fund does. Not connected with the union treasury in any way (regardless of FOX News lies). The union treasury does take a hit when a top rate ($34+)dues payer retires and gets replaced with a $18.75 progression new hire. So there is no incentive for early retirees from a union treasury standpoint. [/QUOTE]
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