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Brown Cafe UPS Forum
UPS Union Issues
To those who attended their contract meeting
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<blockquote data-quote="Ms.PacMan" data-source="post: 1144458" data-attributes="member: 4656"><p>According to the proposed TA - raises and pension contributions could be used for healthcare should the plan become underfunded. What law do you think they are openly violating in writing?</p><p></p><p>They would like to cut retiree pension benefits <u>now</u> and are petitioning congress to change the law allowing them to do so before PBGC would have to take over. </p><p></p><p><a href="http://online.wsj.com/article/SB10001424127887324010704578418902425198428.html" target="_blank">Union-Employer Pension Proposal Would Hit Some Retirees - WSJ.com</a></p><p></p><p>For those troubled plans, unions and employers are proposing that the Employee Retirement Income Security Act of 1974 be rewritten so that benefits for people who are already retired can be reduced. Without that fix, advocates argue, the plans will run out of money and retirees will end up with a fraction of their current benefits when the government takes over the plans.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 1144458, member: 4656"] According to the proposed TA - raises and pension contributions could be used for healthcare should the plan become underfunded. What law do you think they are openly violating in writing? They would like to cut retiree pension benefits [U]now[/U] and are petitioning congress to change the law allowing them to do so before PBGC would have to take over. [url=http://online.wsj.com/article/SB10001424127887324010704578418902425198428.html]Union-Employer Pension Proposal Would Hit Some Retirees - WSJ.com[/url] For those troubled plans, unions and employers are proposing that the Employee Retirement Income Security Act of 1974 be rewritten so that benefits for people who are already retired can be reduced. Without that fix, advocates argue, the plans will run out of money and retirees will end up with a fraction of their current benefits when the government takes over the plans. [/QUOTE]
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