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UPS Union Issues
So whats the problem with 804
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<blockquote data-quote="wkmac" data-source="post: 270922" data-attributes="member: 2189"><p>Local804,</p><p>I saw your post where you guys will take $.10 from the $.35 raise and put towards your pension (I hope I understood that correct) so if I may I'd like to throw out a couple of questions just to understand where you guys are at.</p><p> </p><p>I'll assume with a pension reduction you guys are kinda where we CSers were back in 2004' when we had ours cut, so if you guys have an underfunded issue, are you under the 80% threshhold (critical status) that the new ERISA rules will effect come Jan. 08'? If so, will the reduction in pension payouts coupled with the reduction in raise help you guys out if you are currently under that 80% threshhold?</p><p> </p><p>I don't know all the specifics of your situation but having been twisted in 50 different directions by our own CS problems, I sure hope for you guys that you can work it out in such a way that everyone is happy. Best of luck and do whatever you need to do to take care of yourselves and your families first. That's what important and if you do that no matter which way you go, I'll support you all the way!</p><p> </p><p>We made our mess down here with CS and I've always felt that we should be the only ones to suffer the wage cut to pay for the bailout (should have cut the wage in 2004') but we are where we are. Best of luck going forward to you guys.</p></blockquote><p></p>
[QUOTE="wkmac, post: 270922, member: 2189"] Local804, I saw your post where you guys will take $.10 from the $.35 raise and put towards your pension (I hope I understood that correct) so if I may I'd like to throw out a couple of questions just to understand where you guys are at. I'll assume with a pension reduction you guys are kinda where we CSers were back in 2004' when we had ours cut, so if you guys have an underfunded issue, are you under the 80% threshhold (critical status) that the new ERISA rules will effect come Jan. 08'? If so, will the reduction in pension payouts coupled with the reduction in raise help you guys out if you are currently under that 80% threshhold? I don't know all the specifics of your situation but having been twisted in 50 different directions by our own CS problems, I sure hope for you guys that you can work it out in such a way that everyone is happy. Best of luck and do whatever you need to do to take care of yourselves and your families first. That's what important and if you do that no matter which way you go, I'll support you all the way! We made our mess down here with CS and I've always felt that we should be the only ones to suffer the wage cut to pay for the bailout (should have cut the wage in 2004') but we are where we are. Best of luck going forward to you guys. [/QUOTE]
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