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UPS Union Issues
Think it thru....Pension Takeover
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<blockquote data-quote="area43" data-source="post: 250532" data-attributes="member: 4862"><p><strong>Re: From the Central States Trustees . . .</strong></p><p></p><p></p><p> </p><p>Hi Jonnie, where have you been? Still pushin the ol Mep. LMAO, Incredible. If it was such a great way of doing pensions why did the Teamsters give it up. The buy out that is of appox. 35,000 to 40,000 UPS active workers. I am truely surprised that a man of your intelligence would believe Thomas Nyhan. Jon, listen. Get your crystal ball out. I'll even put money on it. CS will be in the PBGC hands within 5 years or less. UPSers the MEP works on lots and lots and lots of active working members to keep it afloat via their empoyers contributions. The 6.1 billion is just a band aid. Again, 200,000 retires now are on the CS payroll. Pre-buy out there was appox. a 150,000 active workers. Now with Moses(UPS) leading its people out of Egypt's(CS) captivity there will now be only about a 110,000 active workers contributing. Come on Jon, 75% funded. How long do you really think that is going to hold up? CS titanic. Davey Jones locker. Jon is the above post just a sales pitch to try and get new members? Ha How are they going to attract new members? It appears the Teamsters when it comes to the MEP has just shot themselves in the face with the buy out. Jon, that info you posted was nothin but a bunch of Hog wash.</p></blockquote><p></p>
[QUOTE="area43, post: 250532, member: 4862"] [b]Re: From the Central States Trustees . . .[/b] Hi Jonnie, where have you been? Still pushin the ol Mep. LMAO, Incredible. If it was such a great way of doing pensions why did the Teamsters give it up. The buy out that is of appox. 35,000 to 40,000 UPS active workers. I am truely surprised that a man of your intelligence would believe Thomas Nyhan. Jon, listen. Get your crystal ball out. I'll even put money on it. CS will be in the PBGC hands within 5 years or less. UPSers the MEP works on lots and lots and lots of active working members to keep it afloat via their empoyers contributions. The 6.1 billion is just a band aid. Again, 200,000 retires now are on the CS payroll. Pre-buy out there was appox. a 150,000 active workers. Now with Moses(UPS) leading its people out of Egypt's(CS) captivity there will now be only about a 110,000 active workers contributing. Come on Jon, 75% funded. How long do you really think that is going to hold up? CS titanic. Davey Jones locker. Jon is the above post just a sales pitch to try and get new members? Ha How are they going to attract new members? It appears the Teamsters when it comes to the MEP has just shot themselves in the face with the buy out. Jon, that info you posted was nothin but a bunch of Hog wash. [/QUOTE]
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Think it thru....Pension Takeover
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