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UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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<blockquote data-quote="Mugarolla" data-source="post: 2191272" data-attributes="member: 8481"><p>Apparently they have a local IAM pension, not part of the National IAM Pension Fund.</p><p></p><p></p><p></p><p>As explained here</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Yes, it may happen. But we are not 100% sure.</p><p></p><p>The bottom line is that right now, based on current conditions and future predictions, short of the IAMNPF collapsing like the CSPF did, and I am not saying that it won't happen, a 15-20 IAM mechanic has a projected 30 year pension of $9000/mo.</p><p></p><p>Yes things could change. The sun may not rise tomorrow. They may never see that $9000/mo, but it is a fact right now that their projected benefit is $9000/mo.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2191272, member: 8481"] Apparently they have a local IAM pension, not part of the National IAM Pension Fund. As explained here Yes, it may happen. But we are not 100% sure. The bottom line is that right now, based on current conditions and future predictions, short of the IAMNPF collapsing like the CSPF did, and I am not saying that it won't happen, a 15-20 IAM mechanic has a projected 30 year pension of $9000/mo. Yes things could change. The sun may not rise tomorrow. They may never see that $9000/mo, but it is a fact right now that their projected benefit is $9000/mo. [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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