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Brown Cafe UPS Forum
UPS Union Issues
What happened in the 2008 contract??
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<blockquote data-quote="Cezanne" data-source="post: 653239" data-attributes="member: 5104"><p>OK, for the average joe, me included who does not know anything about ERISA, PGBC and pension liabilities to the degree you guys are quoting. Will somebody out there research how much money is going annually into the Central States trust, also the investment rate and how much is going out also annually? It might help clarify both your arguments.</p><p> </p><p>Here is the bottom line that most us (baby boomers) will not happy with. It is that the prospect of any early retirement benefits is slowly being eliminated or extended by these plan trustees. Watch out social security is next. </p><p> </p><p>Another event that might help PobreCarlos argument is when UPS Freight unionized with the last contract they were not negotiated into the Central States plan, instead they were placed under the company controlled UPS Pension Plan. Sure indicates to me at least a lack of confidence with the solvency issue of Central States.<img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 653239, member: 5104"] OK, for the average joe, me included who does not know anything about ERISA, PGBC and pension liabilities to the degree you guys are quoting. Will somebody out there research how much money is going annually into the Central States trust, also the investment rate and how much is going out also annually? It might help clarify both your arguments. Here is the bottom line that most us (baby boomers) will not happy with. It is that the prospect of any early retirement benefits is slowly being eliminated or extended by these plan trustees. Watch out social security is next. Another event that might help PobreCarlos argument is when UPS Freight unionized with the last contract they were not negotiated into the Central States plan, instead they were placed under the company controlled UPS Pension Plan. Sure indicates to me at least a lack of confidence with the solvency issue of Central States.:peaceful: [/QUOTE]
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What happened in the 2008 contract??
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