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UPS Union Issues
Union retirees: Don't cut my pension --- Good Read
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<blockquote data-quote="realbrown1" data-source="post: 1483793" data-attributes="member: 46221"><p>Maybe because those bail outs 6 years ago where wrong. And a bail out of troubled teamster pension funds with taxpayer money would be equally wrong.</p><p>I think the solutions should be something like:</p><p>#1 If you are in a troubled teamster multi-employer pension plan-your future pension will be 100% based upon the amount your employer paid into the fund on your behalf.</p><p>#2 If you employer is no longer contributing to a pension fund that you are in, then your pension will be reduced.</p><p>I am sorry some peoples pensions will have to be reduced to save these pension funds. But I have always said, You make choices in life, and you must deal with the consequences of those choices.</p><p>A friend of mine works at Yellow. We have spoken many times about his company no longer contributing to the WCT pension fund. I have recommended many times to find another driving job with a contributing employer. He won't do it. Too afraid of change. Well then, why should I be on the hook for his choices?</p></blockquote><p></p>
[QUOTE="realbrown1, post: 1483793, member: 46221"] Maybe because those bail outs 6 years ago where wrong. And a bail out of troubled teamster pension funds with taxpayer money would be equally wrong. I think the solutions should be something like: #1 If you are in a troubled teamster multi-employer pension plan-your future pension will be 100% based upon the amount your employer paid into the fund on your behalf. #2 If you employer is no longer contributing to a pension fund that you are in, then your pension will be reduced. I am sorry some peoples pensions will have to be reduced to save these pension funds. But I have always said, You make choices in life, and you must deal with the consequences of those choices. A friend of mine works at Yellow. We have spoken many times about his company no longer contributing to the WCT pension fund. I have recommended many times to find another driving job with a contributing employer. He won't do it. Too afraid of change. Well then, why should I be on the hook for his choices? [/QUOTE]
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Union retirees: Don't cut my pension --- Good Read
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