Pension Cuts Blocked

Discussion in 'UPS Discussions' started by rod, May 6, 2016.

  1. rod

    rod retired and happy

    anyone else getting this news?
     
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  2. oldngray

    oldngray nowhere special

    I haven't heard any recent news about it.
     
  3. rod

    rod retired and happy


    I had 2 emails from the Teamsters that said the cuts were not authorized
     
  4. Orion inc.

    Orion inc. I like turtles

    The courts just ruled in the retirees favor.
     
  5. rod

    rod retired and happy

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  6. rod

    rod retired and happy

    I will be having an extra beer or three tonight.
     
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  7. rod

    rod retired and happy

    The whole pension cut thing is a long way from over but at least we have a reprieve for a short while.
     
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  8. oldngray

    oldngray nowhere special

    The problem is what will happen when the fund runs out of money. No way the government will step in and bail us out. It sounds like Central States is saying if the cuts aren't approved we will all get screwed when the fund becomes insolvent.
     
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  9. rod

    rod retired and happy


    Like I said--its a long way from over.
     
  10. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    Why was it blocked?
     
  11. rod

    rod retired and happy

    When Rep. Kline (Mn.) tacked his pension cut rider onto a bill that had to be passed and then retired shortly afterwards, that just STUNK of dirty under the counter politics. I don't believe anything the Teamsters, UPS or Washington D.C. says anymore.
     
  12. rod

    rod retired and happy

    I bet a big celebration party is being put on hold at the Teamsters Building.
     
  13. Wally

    Wally Hailing from Parts Unknown.

    What if the fund now goes broke?
     
  14. rod

    rod retired and happy


    I imagine it will at the rate they are going (if they are telling the truth). Something has to be done but cutting a small group of retired old bastards pensions in half was not the fix all that they tried to jam down our throats.
     
  15. cheryl

    cheryl I started this. Staff Member

    Just posted a news story about this.

     
  16. Sounds like the Whitehouse. Keep sweeping it under the carpet until it's too late.
     
  17. Wally

    Wally Hailing from Parts Unknown.

    No new jobs or growth in 8 years didn't help either.
     
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  18. Maybe if they made a few small cuts a few years ago,it wouldn't be so bad now?
    Now it's just a game of kick the can.
     
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  19. Wally

    Wally Hailing from Parts Unknown.

    How bad is it?
     
  20. upschuck

    upschuck Avatar bet gone wrong

    It was probably because UPS retirees were being cut so deep, when UPS paid big money to get out of that pension.
     
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