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Ron Carey Speech
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<blockquote data-quote="tieguy" data-source="post: 202448" data-attributes="member: 1912"><p><span style="color: blue">I don't share the same paranoia. UPS controls my pension right now. I'm hoping the rumors about a lump sum buyout are true. If not I will retire with somewhere around 4200 to 4500 a month. There have never been any funding issues with the UPS plan. Never ever. The teamster multi-employer plans on the other hand have had nothing but problems overall. </span></p><p> </p><p><span style="color: #0000ff">Look at the worst case scenario. </span></p><p> </p><p><span style="color: #0000ff">Multiemployer plan fails - insurance pay about 10,000 a year to the beneficiaries of the plan. </span></p><p> </p><p><span style="color: #0000ff">Private single employer plan fails - whats the insurance pay? about 3 to 4 times what the multi-employer plan pays. </span></p><p> </p><p><span style="color: #0000ff">See thats the problem with these type of discussions. Your union keeps trying to sell you the evil employer coming to steal your retirement fairy tale. Meanwhile the evil employers plan is solid while the plans Carey had you fight for are leaking buckets.</span></p></blockquote><p></p>
[QUOTE="tieguy, post: 202448, member: 1912"] [COLOR=blue]I don't share the same paranoia. UPS controls my pension right now. I'm hoping the rumors about a lump sum buyout are true. If not I will retire with somewhere around 4200 to 4500 a month. There have never been any funding issues with the UPS plan. Never ever. The teamster multi-employer plans on the other hand have had nothing but problems overall. [/COLOR] [COLOR=#0000ff]Look at the worst case scenario. [/COLOR] [COLOR=#0000ff]Multiemployer plan fails - insurance pay about 10,000 a year to the beneficiaries of the plan. [/COLOR] [COLOR=#0000ff]Private single employer plan fails - whats the insurance pay? about 3 to 4 times what the multi-employer plan pays. [/COLOR] [COLOR=#0000ff]See thats the problem with these type of discussions. Your union keeps trying to sell you the evil employer coming to steal your retirement fairy tale. Meanwhile the evil employers plan is solid while the plans Carey had you fight for are leaking buckets.[/COLOR] [/QUOTE]
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