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UPS Union Issues
Think it thru....Pension Takeover
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<blockquote data-quote="scratch" data-source="post: 242670" data-attributes="member: 1674"><p>I have only got one check from the Teamsters, and that was for 55 bucks ten years ago and that didn't quite cut it. I realize that this new Teamster/UPS Pension is not going to be the same UPS Pension that non-union employees have. What we have to think about though, do I want an UPS employee only pension put together by a corporation that knows how to make money or do I want what we have now, a multi-employer plan that is only going to get worse if we stay in it. The Teamsters have steadily been losing members for a long time and have done a poor job of organizing. Along with corrupt IBT leaders, mob influence, and poor investments, I don't have a lot of faith in their way of doing things. I often wonder who do we trust the least, UPS or the IBT? We will just have to wait a little longer and see what the new Pension Plan offers. I hope that UPS will try to let a lot of us retire earlier, a bunch of sixty plus year old Package Drivers out there is not in the company's best interest. I have 8.25 years in the PT UPS Pension and will have 24 years vested in CS next August and will be fifty then. Thats twelve years away from being able to draw a full CS benefit.<img src="/community/styles/default/xenforo/smilies/group2/wheelchair.gif" class="smilie" loading="lazy" alt=":wheelchai" title="Wheelchair :wheelchai" data-shortname=":wheelchai" /></p></blockquote><p></p>
[QUOTE="scratch, post: 242670, member: 1674"] I have only got one check from the Teamsters, and that was for 55 bucks ten years ago and that didn't quite cut it. I realize that this new Teamster/UPS Pension is not going to be the same UPS Pension that non-union employees have. What we have to think about though, do I want an UPS employee only pension put together by a corporation that knows how to make money or do I want what we have now, a multi-employer plan that is only going to get worse if we stay in it. The Teamsters have steadily been losing members for a long time and have done a poor job of organizing. Along with corrupt IBT leaders, mob influence, and poor investments, I don't have a lot of faith in their way of doing things. I often wonder who do we trust the least, UPS or the IBT? We will just have to wait a little longer and see what the new Pension Plan offers. I hope that UPS will try to let a lot of us retire earlier, a bunch of sixty plus year old Package Drivers out there is not in the company's best interest. I have 8.25 years in the PT UPS Pension and will have 24 years vested in CS next August and will be fifty then. Thats twelve years away from being able to draw a full CS benefit.:wheelchai [/QUOTE]
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Think it thru....Pension Takeover
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