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UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="badpas" data-source="post: 197301" data-attributes="member: 8876"><p><strong>Re: TDU's View on UPS's New Central States Pension Proposal</strong></p><p></p><p>Jon, that is good to know but it draws alot of questions. Such as, your talk of a multi-emp. pension fund being safer? That is being vague at best. It may have devercification in it but it also handcuffs at the same time. IF we are going to fix the pension problems for the long run the last group of people we want running it is a combination of the people we are trying to vote out and then bargain with every time its contract season. This is putting all our eggs in one basket and we all see where that can lead. The only way to fix this is to set up a pension fund similar to the mechanics which is as close to a individual retirement as you can get. The way it is now just isn't going to cut it and if you can't fix it there is no where to go but down. And until they offer something like it, there's no way anyone can say its going too be. And lets put the leaving the retirees out to dry to bed because legally that can't happen either. Lets just hope people see this as a starting point and not the finish line because what I've seen so far doesn't catch my eye in the least. This is our future, not the teamsters, not the companies, if we want change then we need to stand up now while we can before our representation makes a deal with whats for all teamsters instead of whose contract their supposed to be settling.</p></blockquote><p></p>
[QUOTE="badpas, post: 197301, member: 8876"] [b]Re: TDU's View on UPS's New Central States Pension Proposal[/b] Jon, that is good to know but it draws alot of questions. Such as, your talk of a multi-emp. pension fund being safer? That is being vague at best. It may have devercification in it but it also handcuffs at the same time. IF we are going to fix the pension problems for the long run the last group of people we want running it is a combination of the people we are trying to vote out and then bargain with every time its contract season. This is putting all our eggs in one basket and we all see where that can lead. The only way to fix this is to set up a pension fund similar to the mechanics which is as close to a individual retirement as you can get. The way it is now just isn't going to cut it and if you can't fix it there is no where to go but down. And until they offer something like it, there's no way anyone can say its going too be. And lets put the leaving the retirees out to dry to bed because legally that can't happen either. Lets just hope people see this as a starting point and not the finish line because what I've seen so far doesn't catch my eye in the least. This is our future, not the teamsters, not the companies, if we want change then we need to stand up now while we can before our representation makes a deal with whats for all teamsters instead of whose contract their supposed to be settling. [/QUOTE]
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