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Brown Cafe UPS Forum
UPS Union Issues
The State of the "Union"
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<blockquote data-quote="InsideUPS" data-source="post: 1093985" data-attributes="member: 31414"><p>Financial advisors, research, and history will reveal that NO pension is actually 100% secure.. (just like our SS) Any pension that falls into the administration of the PBGC is lucky to get 50% of his or her original pension amount. I know it's not popular amongst some UPS Teamsters, but in all actuality, the only true secure savings is one that YOU personally are in charge of......one that is <u><strong>mobile</strong></u> if you happen to quit, lose your job, etc........some call it a 401k or similar savings plan..... Pulling UPS pensions from the Teamsters would no doubt have a serious domino effect on other Teamster pension plans..... we all know what the potential ramifications of that process could have... no one really likes to talk about it...</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1093985, member: 31414"] Financial advisors, research, and history will reveal that NO pension is actually 100% secure.. (just like our SS) Any pension that falls into the administration of the PBGC is lucky to get 50% of his or her original pension amount. I know it's not popular amongst some UPS Teamsters, but in all actuality, the only true secure savings is one that YOU personally are in charge of......one that is [U][B]mobile[/B][/U] if you happen to quit, lose your job, etc........some call it a 401k or similar savings plan..... Pulling UPS pensions from the Teamsters would no doubt have a serious domino effect on other Teamster pension plans..... we all know what the potential ramifications of that process could have... no one really likes to talk about it... [/QUOTE]
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