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UPS Retirement Topics
REFORM PLAN FOR Central States Pension Plan
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<blockquote data-quote="reydluap" data-source="post: 1868137" data-attributes="member: 1583"><p>And to add to my previous post. If you truly believe the all mighty UPS Pension plan is going to pay out full benefits for the rest of your life, then WHY did CSPF even need to mail out their pension cut letter to active UPS employees? And if UPS employees are so protected, then why would you need to worry about some payout reduction amount? Another thing to think about, this is in the Central States Supplemental, how many years down the road do you think it will be that this to will be thrown out. All UPS has to do is offer a $1000 bonus to part time employees and offer some type of 401k type plan and our butts are forgotten about.</p><p></p><p> I'm still waiting to see all of those 22.3 jobs that were to be provided. Think about it folks! UPS is in business to make money for investors, not worry about retirees. These employees hired after Jan 1, 2007 don't give a dang about a broke CSPF Plan and will sell retirees out in a minute. </p><p></p><p> I don't like it either but the truth hurts. These young employees only worry about you retiring so the can move up to a bid route. That's the facts.</p></blockquote><p></p>
[QUOTE="reydluap, post: 1868137, member: 1583"] And to add to my previous post. If you truly believe the all mighty UPS Pension plan is going to pay out full benefits for the rest of your life, then WHY did CSPF even need to mail out their pension cut letter to active UPS employees? And if UPS employees are so protected, then why would you need to worry about some payout reduction amount? Another thing to think about, this is in the Central States Supplemental, how many years down the road do you think it will be that this to will be thrown out. All UPS has to do is offer a $1000 bonus to part time employees and offer some type of 401k type plan and our butts are forgotten about. I'm still waiting to see all of those 22.3 jobs that were to be provided. Think about it folks! UPS is in business to make money for investors, not worry about retirees. These employees hired after Jan 1, 2007 don't give a dang about a broke CSPF Plan and will sell retirees out in a minute. I don't like it either but the truth hurts. These young employees only worry about you retiring so the can move up to a bid route. That's the facts. [/QUOTE]
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REFORM PLAN FOR Central States Pension Plan
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