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Brown Cafe UPS Forum
UPS Retirement Topics
UPS, Teamsters considering joint pension plan
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<blockquote data-quote="705red" data-source="post: 197780" data-attributes="member: 5229"><p>Lifer of course you think this is agreat idea, arent you retired management? It sounds great now, but what happens in 25 30 years when ups isnt the big dog in shipping anymore. Lets say you have 130,000 drawing a pension but only 40,000 paying into it, we will be revisiting another pension crisis, because as a single employer fund no one else can help float it for our retirement. Now id dhl became the big dog in shipping then dhl would be floating our pension under a muli-employer, just rough examples so dont jump on me over it. Its got good short term fix written all over it, not that hot for long term.</p></blockquote><p></p>
[QUOTE="705red, post: 197780, member: 5229"] Lifer of course you think this is agreat idea, arent you retired management? It sounds great now, but what happens in 25 30 years when ups isnt the big dog in shipping anymore. Lets say you have 130,000 drawing a pension but only 40,000 paying into it, we will be revisiting another pension crisis, because as a single employer fund no one else can help float it for our retirement. Now id dhl became the big dog in shipping then dhl would be floating our pension under a muli-employer, just rough examples so dont jump on me over it. Its got good short term fix written all over it, not that hot for long term. [/QUOTE]
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