Plan on Working Till You Die

Discussion in 'UPS Discussions' started by Leftinbuilding, Jul 9, 2012.

  1. Leftinbuilding

    Leftinbuilding Active Member

  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    The only UPS employees who may need to be concerned are the ones covered by the company pension plan. Those covered by Teamster plans have their contributions negotiated and included in the NMA and as such should not be affected by this new law.
  3. over9five

    over9five Senior Member Staff Member

    Frikken Obama puts another knife in our backs.
  4. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Read the article before you over react. The impact will be minimal.
  5. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    I would gladly give up my pension for the right amount of raise let me take care of me. Just as I would love to opt out of social security right now. This isn't the right choice for everyone but I prefer to depend on myself and trust no one else.
  6. Leftinbuilding

    Leftinbuilding Active Member

    Hopefully UPS will consider the loss of production with workers forced to work longer, as well as increased injuries etc.
  7. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You want to take a moment to research the new law before forming your opinion.
  8. over9five

    over9five Senior Member Staff Member

    I meant "our" as in Americans, not just as UPSers.
  9. Leftinbuilding

    Leftinbuilding Active Member

    You, of course, have fully researched this legislation. Interesting, since it was just announced this a/noon. You have an inside source?
  10. speeddemon

    speeddemon Guest

    More like a HUGE MACHETE......
  11. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    No but I read the whole article and the last paragraph stated that there will be minimal impact to most pension plans. Your "the sky is falling" scenario is certainly premature.
  12. Anonymous 10

    Anonymous 10 Guest

    Good advice.
  13. bigblu 2 you

    bigblu 2 you Active Member

    dont question him dude, he helped al gore invent the internet.
  14. Indecisi0n

    Indecisi0n Well-Known Member

    I'm voting for Obama again.
  15. BCFan

    BCFan Active Member

    You believe every thing you read? BC
  16. Buck Fifty

    Buck Fifty New Member

    The way I see it, I take it for what it is :

    Life is work, so I will work til I die !!!
  17. bbsam

    bbsam Moderator Staff Member

    Interesting thing is that Al Gore really did play a very important part in getting the internet up and going. But, of course once the spin masters get hold of it, it becomes something ridiculous.
  18. Spot on. The way the government is spending and printing money, its only a matter of time before Uncle Sam maxes out his credit card and inflation hits. Pension plans along with everything else will lose big bucks.
  19. Leftinbuilding

    Leftinbuilding Active Member

    One mans opinion. Why would our "leaders" pass such a law if they expected little benefit? To expect that major corporations would ignore such a money saver is to deny reality. I don't know what UPS will do and neither do you. But on the surface it is not comforting.
  20. Jackburton

    Jackburton Gone Fish'n

    Interesting. Worst case for me is I won't be able to chrome out my side rails on my boat when I retire. As I said in another thread awhile back, I'm investing my money for my retirement, pension and SS are gravy. I'd suggest you guys do the same while you're still young. I still see plenty of people retire without pensions and they seem to do just fine. I'm not saying that what's going on is right but you can only control so much. Do yourself a favor and plan for the worst and hope for the best.