Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
What do you want in 2013 contract ?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="beentheredonethat" data-source="post: 953752" data-attributes="member: 4886"><p>I understand wanting to have a strong retirement. But, what I don't understand is why you are asking that from UPS in this contract. Go to any financial adviser, show them what has been put into the teamster run pension plan on your behalf by UPS. Ask them what a conservative pension amount should be based on what has been paid into the fund. I am willing to bet all or almost all of them will tell you it would be a heck of a lot more then what you will be getting. Look at the IAM and how much those folks will get. They get virtually the same funding for pension as what the teamsters receive from UPS. Also, (at least in the district I was from - New England, not sure how it is everywhere else) UPS paid into the pension fund for the part time work force. How many part timers stay for 5 years to get vested? A relatively small amount. All that money by PT'ers who work a few months to a few years who don't vest. All that money went into the fund and there is no liability for that money. This should make the payout to the people who do retire that much higher. You should be complaining to the teamsters for mismanaging that money.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 953752, member: 4886"] I understand wanting to have a strong retirement. But, what I don't understand is why you are asking that from UPS in this contract. Go to any financial adviser, show them what has been put into the teamster run pension plan on your behalf by UPS. Ask them what a conservative pension amount should be based on what has been paid into the fund. I am willing to bet all or almost all of them will tell you it would be a heck of a lot more then what you will be getting. Look at the IAM and how much those folks will get. They get virtually the same funding for pension as what the teamsters receive from UPS. Also, (at least in the district I was from - New England, not sure how it is everywhere else) UPS paid into the pension fund for the part time work force. How many part timers stay for 5 years to get vested? A relatively small amount. All that money by PT'ers who work a few months to a few years who don't vest. All that money went into the fund and there is no liability for that money. This should make the payout to the people who do retire that much higher. You should be complaining to the teamsters for mismanaging that money. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
What do you want in 2013 contract ?
Top