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UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="Cezanne" data-source="post: 197371" data-attributes="member: 5104"><p>I sure wish we did live in a perfect world. Bottom line is that most of us who are eligible for retirement with UPS want out. My greatest fear is my health and the ability to enjoy any retirement, admit it most of the physical work at UPS was not meant for anybody over the age of 40, let alone waiting till 60. Even if you slow down to be safe, the wear and tear over the decades has already done their damage. You really start feeling it in your 50's no matter how well you are in shape. It is a matter of attrition, just recently I was told by a life insurance representative that between the ages of 50 and 65 the statistics show 25 percent of the male population dies. I do not know just how many of that age group become totally disabled, but can imagine it is high also.</p><p> </p><p>For our union members in more healthier benefit plans, more power to you but the only response that we are getting from you for those under the Central States fund is basically "it sure sucks being you" and that doesn' t cut it. Same union, same monetary contributions, same time in and same age and we are going to end up with probadly less than a half of what you will get. Where in my book does that spell union brotherhood, not giving any hope of fixing this problem will doom the teamsters more than anything that UPS can do. When this Central States underfunding came to light I suggested that the teamsters should bring all it's pension and health and welfare trusts into one massive fund and pay a fixed total for all retirement benefits, including any union official's benefit packages. I get the general feeling that alot of union members got their piece of the pie and would not be willing to give any of it for the good of the total membership. Don't blame you, human nature and such.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 197371, member: 5104"] I sure wish we did live in a perfect world. Bottom line is that most of us who are eligible for retirement with UPS want out. My greatest fear is my health and the ability to enjoy any retirement, admit it most of the physical work at UPS was not meant for anybody over the age of 40, let alone waiting till 60. Even if you slow down to be safe, the wear and tear over the decades has already done their damage. You really start feeling it in your 50's no matter how well you are in shape. It is a matter of attrition, just recently I was told by a life insurance representative that between the ages of 50 and 65 the statistics show 25 percent of the male population dies. I do not know just how many of that age group become totally disabled, but can imagine it is high also. For our union members in more healthier benefit plans, more power to you but the only response that we are getting from you for those under the Central States fund is basically "it sure sucks being you" and that doesn' t cut it. Same union, same monetary contributions, same time in and same age and we are going to end up with probadly less than a half of what you will get. Where in my book does that spell union brotherhood, not giving any hope of fixing this problem will doom the teamsters more than anything that UPS can do. When this Central States underfunding came to light I suggested that the teamsters should bring all it's pension and health and welfare trusts into one massive fund and pay a fixed total for all retirement benefits, including any union official's benefit packages. I get the general feeling that alot of union members got their piece of the pie and would not be willing to give any of it for the good of the total membership. Don't blame you, human nature and such. [/QUOTE]
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