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Brown Cafe UPS Forum
UPS Union Issues
Union Politics - 804 members coming soon agitator 2
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<blockquote data-quote="Inthegame" data-source="post: 1335082" data-attributes="member: 37112"><p>This is too easy...</p><p>I understand math is complicated for you so I’ll type slow (maybe you can keep up). Yes UPS makes a substantial contribution to the L804 Pension Fund. But the L804 Pension Fund has a substantial obligation to those 3229 retirees collecting benefits, which eats up most if not all of UPS’s contribution. Using your numbers, (which is scary considering the few times you’ve been accurate about anything) $85,000,000 divided by 12 (months) and then by 3229 (retirees) = $2193 per month. Now some are getting more than this and some are getting less depending on their years of service and retirement date, but this is a reasonable average. That means the gain in the L804 plan is strictly from prudent investments. </p><p>However you want to play it, the current L804 Pension Plan trustees have increased assets, raised the funding level, and increased benefit levels. Something your boys failed at.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1335082, member: 37112"] This is too easy... I understand math is complicated for you so I’ll type slow (maybe you can keep up). Yes UPS makes a substantial contribution to the L804 Pension Fund. But the L804 Pension Fund has a substantial obligation to those 3229 retirees collecting benefits, which eats up most if not all of UPS’s contribution. Using your numbers, (which is scary considering the few times you’ve been accurate about anything) $85,000,000 divided by 12 (months) and then by 3229 (retirees) = $2193 per month. Now some are getting more than this and some are getting less depending on their years of service and retirement date, but this is a reasonable average. That means the gain in the L804 plan is strictly from prudent investments. However you want to play it, the current L804 Pension Plan trustees have increased assets, raised the funding level, and increased benefit levels. Something your boys failed at. [/QUOTE]
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