Pension letter

[retired2000]

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.

 

[rod]

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.

the writing is on the wall---grease up.

 

[IVE GOTTA PACKAGE 4U]

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.

Sorry

 

[rod]

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.

 

[oldngray]

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.

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.

 

[Grey]

Is still 25 friend/t years or the combined 80 years/time rule?

 

[Babagounj]

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

 

[hellfire]

so who will make up the difference??

 

[retired2000]

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

 

[oldngray]

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

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

 

[Overpaid Union Thug]

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

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

 

[Thatguy123]

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

 

[realbrown1]

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

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.

 

[Catatonic]

so who will make up the difference??

The retiree!

 

[IVE GOTTA PACKAGE 4U]

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.

So are the rest Of us

 

[Catatonic]

One of the few times it paid to be management

 

[oldngray]

One of the few times it paid to be management

How are the the pensions for newer management by the way?

 

[IVE GOTTA PACKAGE 4U]

One of the few times it paid to be management

I will be here forever

 

[oldngray]

I will be here forever

Nope. Only until you die.

 

[Catatonic]

I will be here forever

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