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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: 2192027" data-attributes="member: 8481"><p>I didn't infer anything. If you took it that way, you were the one doing the inferring.</p><p></p><p></p><p></p><p>SS offset? There is no Social Security offset. No pension will be offset or reduced in any way, shape or form due to any benefits received from Social Security.</p><p></p><p></p><p></p><p>There is no liability for these additional 90,000. These retirees are accounted for and their benefits are included in the funds liability. The fund is over 100% funded. The money is currently in the fund to pay these and all other benefits. The current contributions is enough to pay the projected pensions of active employees.</p><p></p><p>This is one pension fund that is not a Ponzi Scheme. It does not rely on current contributions to pay for any currently retired member. And it is still funded at over 100%</p><p></p><p></p><p></p><p>No, it is not. The money is in the fund for the current retirees, and the contribution rate is high enough to support these projections for active contributing participants.</p><p></p><p></p><p></p><p>I was referring to you denying that you feel UPS employees are spoiled brats and are elitists.</p><p></p><p>Are there UPS employees that are spoiled, that think they deserve everything, that they are the elite? Yes. </p><p></p><p>Are there a lot of them? Probably. </p><p></p><p>Are all of us like that? No.</p><p></p><p>As long as you do your job that your local members, including UPS Teamsters, are paying you to do, I am good with that. I don't care what you feel about us.</p><p></p><p>Do not let this go to your head. For what it's worth, I believe that you know the contract very well and do a damn good job at your local. As long as you continue to do your job well and to the best of your abilities, I could care less what you personally think about us.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2192027, member: 8481"] I didn't infer anything. If you took it that way, you were the one doing the inferring. SS offset? There is no Social Security offset. No pension will be offset or reduced in any way, shape or form due to any benefits received from Social Security. There is no liability for these additional 90,000. These retirees are accounted for and their benefits are included in the funds liability. The fund is over 100% funded. The money is currently in the fund to pay these and all other benefits. The current contributions is enough to pay the projected pensions of active employees. This is one pension fund that is not a Ponzi Scheme. It does not rely on current contributions to pay for any currently retired member. And it is still funded at over 100% No, it is not. The money is in the fund for the current retirees, and the contribution rate is high enough to support these projections for active contributing participants. I was referring to you denying that you feel UPS employees are spoiled brats and are elitists. Are there UPS employees that are spoiled, that think they deserve everything, that they are the elite? Yes. Are there a lot of them? Probably. Are all of us like that? No. As long as you do your job that your local members, including UPS Teamsters, are paying you to do, I am good with that. I don't care what you feel about us. Do not let this go to your head. For what it's worth, I believe that you know the contract very well and do a damn good job at your local. As long as you continue to do your job well and to the best of your abilities, I could care less what you personally think about us. [/QUOTE]
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