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UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="jware" data-source="post: 197245" data-attributes="member: 8684"><p>Let me start out by saying Im40 years old with 12 years at ups, and 7.5 of those years as a full time employee. This pension problem is my number one concern with this up comming contract. I'm all for watching out for those who came before me, believe me, I'm a third generation union man. However, saying that, its hard for me to understand that after the latest pension cuts, all of which are being absorbed by those of use that are still working is anywhere fair. Those that came before us are the ones that put us in this situation. And look at social security, it's the same thing. More taking out than putting in. Those that are allready reitred don't want any changes that will effect the amount of money they recieve each month, even if those of use that are still working will be the ones that haft to sacarfice. At some point you haft to get of that dead horse. I for one, am not ready to sell out my future for the sake of those that came before me. It would be differnt if there was some light at the end of the tunnel, as for me I see none. Ive got a pension plan that hasn't been viable for at <strong><u>least</u></strong> 5 years, social security thats in the same boat, and I have 25 more years before I'm 65 and can retire. And if you believe I can retire at 65 in 25 more years I've got some swamp land in Florida I'd be glad to sell you. The comparison of UPS with ENRON is not a way to look at it for those against this deal. UPS makes money doing a <span style="color: black"><u>tangable</u></span> thing, picking up and delivering packages. ENRON made money over the computer trading commodities. Not saying that UPS will always be the giant in the shipping industry, but thier really two differnt monsters. All I'm trying to say is think about about it for a while, especially those of us that have a while to go before we're able to retire. At what cost to your future are you ready to gamble away on faith. There's no guarantees in this world, but if your honest with yourself do you really think that the plan we're under now is going to be there when it's our turn to collect.</p></blockquote><p></p>
[QUOTE="jware, post: 197245, member: 8684"] Let me start out by saying Im40 years old with 12 years at ups, and 7.5 of those years as a full time employee. This pension problem is my number one concern with this up comming contract. I'm all for watching out for those who came before me, believe me, I'm a third generation union man. However, saying that, its hard for me to understand that after the latest pension cuts, all of which are being absorbed by those of use that are still working is anywhere fair. Those that came before us are the ones that put us in this situation. And look at social security, it's the same thing. More taking out than putting in. Those that are allready reitred don't want any changes that will effect the amount of money they recieve each month, even if those of use that are still working will be the ones that haft to sacarfice. At some point you haft to get of that dead horse. I for one, am not ready to sell out my future for the sake of those that came before me. It would be differnt if there was some light at the end of the tunnel, as for me I see none. Ive got a pension plan that hasn't been viable for at [B][U]least[/U][/B] 5 years, social security thats in the same boat, and I have 25 more years before I'm 65 and can retire. And if you believe I can retire at 65 in 25 more years I've got some swamp land in Florida I'd be glad to sell you. The comparison of UPS with ENRON is not a way to look at it for those against this deal. UPS makes money doing a [COLOR=black][U]tangable[/U][/COLOR] thing, picking up and delivering packages. ENRON made money over the computer trading commodities. Not saying that UPS will always be the giant in the shipping industry, but thier really two differnt monsters. All I'm trying to say is think about about it for a while, especially those of us that have a while to go before we're able to retire. At what cost to your future are you ready to gamble away on faith. There's no guarantees in this world, but if your honest with yourself do you really think that the plan we're under now is going to be there when it's our turn to collect. [/QUOTE]
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