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Brown Cafe UPS Forum
UPS Union Issues
"To all UPS Employees concerned about their pensions & Benefits" !!!!!!
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<blockquote data-quote="nospinzone" data-source="post: 125781" data-attributes="member: 1335"><p>Mikey,, I respectfully disagree with your position and here's why. Central States/Teamsters have already ruined the investments of UPSers who are <em>nearing</em> retirement such as yourself. Neither APWA nor the Teamsters can pull money out of a magic hat to recoup the money lost at the hands of the IBT. Even Van and Danny will tell you that the APWA cannot offer improved pension benefits to <strong>those preparing to retire,,,including Van and Danny</strong>. They can offer more affordable and better health insurance. But it makes no sense for the younger guys to continue throwing their money into a miserably failing pension plan such as CS/IBT where 60% of our contributions go to someone else. Its a money pit! Despite improved returns on their investments, Central States still ran a deficit this past year. By withdrawing and establishing a UPS-only, APWA managed pension fund, the funds and benefits of younger participants will be secured, which will effectively stop the raping that Central States/IBT has been giving to us over the past decade.</p></blockquote><p></p>
[QUOTE="nospinzone, post: 125781, member: 1335"] Mikey,, I respectfully disagree with your position and here's why. Central States/Teamsters have already ruined the investments of UPSers who are [I]nearing[/I] retirement such as yourself. Neither APWA nor the Teamsters can pull money out of a magic hat to recoup the money lost at the hands of the IBT. Even Van and Danny will tell you that the APWA cannot offer improved pension benefits to [B]those preparing to retire,,,including Van and Danny[/B]. They can offer more affordable and better health insurance. But it makes no sense for the younger guys to continue throwing their money into a miserably failing pension plan such as CS/IBT where 60% of our contributions go to someone else. Its a money pit! Despite improved returns on their investments, Central States still ran a deficit this past year. By withdrawing and establishing a UPS-only, APWA managed pension fund, the funds and benefits of younger participants will be secured, which will effectively stop the raping that Central States/IBT has been giving to us over the past decade. [/QUOTE]
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"To all UPS Employees concerned about their pensions & Benefits" !!!!!!
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