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Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
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<blockquote data-quote="kingOFchester" data-source="post: 2057871" data-attributes="member: 11246"><p>I don't think so for us. Could be wrong. Again, I think they (teamsters) will have a hard sell to the current members if the contract doesn't have raises. For people like you, myself, and those close to retirement it would be ok to forgo raises for increase pension contribution. But for those who aren't close to retirement, who live at the edge or beyond their means.....it would be a hard sell. I would guess the latter are the majority.</p><p></p><p>Also, I wouldn't want any more money going into a pension that is falling UNTIL there is a viable solution other then throw more money into it.</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 2057871, member: 11246"] I don't think so for us. Could be wrong. Again, I think they (teamsters) will have a hard sell to the current members if the contract doesn't have raises. For people like you, myself, and those close to retirement it would be ok to forgo raises for increase pension contribution. But for those who aren't close to retirement, who live at the edge or beyond their means.....it would be a hard sell. I would guess the latter are the majority. Also, I wouldn't want any more money going into a pension that is falling UNTIL there is a viable solution other then throw more money into it. [/QUOTE]
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