Pension letter

Discussion in 'UPS Retirement Topics' started by retired2000, Feb 8, 2016.

  1. retired2000

    retired2000 Active Member

    In the mail today was our annual letter outlining our pension fund. Well it has hit here upstate ny we are now listed as critical and declining.
     
  2. rod

    rod retired and happy


    the writing is on the wall---grease up.
     
  3. Sorry
     
  4. rod

    rod retired and happy

    As soon as our (Central States) pension cut is finalized (July 1st) everyone will be jumping on the "cut pensions" bandwagon. Having a Teamster based pension or a Company based one won't matter----everyone will want relief.
     
  5. oldngray

    oldngray nowhere special

    You shouldn't be surprised. That plan continued to pay bigger pensions than most other plans even as its funds were dwindling. The only question is how bad it will end up.
     
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  6. Grey

    Grey Active Member

    Is still 25 f/t years or the combined 80 years/time rule?
     
  7. Baba gounj

    Baba gounj pensioner

    ENE Teamster Fund is min age 57 with 30 yrs pension credit .
     
  8. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    so who will make up the difference??
     
  9. retired2000

    retired2000 Active Member

    Should not cut anyone's pension. They need a bail out from the gvt
     
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  10. oldngray

    oldngray nowhere special

    They would only bail out government employees. Or someone who owes 200k in loans for her liberal arts degree.
     
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  11. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    Makes me wonder if the word LOAN isn't included in basic elementary school spelling words anymore.
     
  12. Thatguy123

    Thatguy123 Member

    What does this mean necessarily.. Doesn't UPS pay our pension? What does this have to do with the union?
     
  13. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    Different regions have different pension plans.

    Some have a union pension.

    Some have a union and company pension.

    And now some newer hires have just a company pension.

    Most union plans are starting to fail.

    Been happening for a long time.

    But they are sure to fail with the neglect that they leadership of our union has shown.
     
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  14. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    The retiree!
     
  15. So are the rest Of us
     
  16. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    One of the few times it paid to be management
     
  17. oldngray

    oldngray nowhere special

    How are the the pensions for newer management by the way?
     
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  18. I will be here forever
     
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  19. oldngray

    oldngray nowhere special

    Nope. Only until you die.
     
  20. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    BC wouldn't be the same if you weren't.