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 Union Issues
What if Ups buys out Teamsters/Central States Pension woo`s?
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="barking dog" data-source="post: 204954" data-attributes="member: 10253"><p>badpas Thanks for the comment. I feel very strongly that everyone needs to get the whole truth on this issue before they receive their ballot to vote on the proposal. As things stand right now UPS stands to make a killings on the way things are proposed. Not only would they control the pension fund they would also control the contributions into the fund. It is common knowledge that single employer pensions are not as safe and secure as multi employer pensions. This has proven out multiple times over the last several years in the airlines and other industries. Look what happened when ENRON went down and all of the employees had their retirements tied up in the company stock and company pensions. They virtually lost everything. The airlines cashed in with the PGBC and their employees got pennies on the dollar for their pensions. </p><p> </p><p>My point is that when UPS'ers retire they are entitled to the best pension available because they have worked thier assess off for it and they deserve it. It would be a grave injustice for the union to back door a deal and let UPS gouge the pensions of anyone that can make it retirement from a part time or package job. Feeders have a go of it too but nothing like package car drivers and long term part timers.</p><p> </p><p>Every UPS Teamster should be calling their local union and demanding that a pension representative be present at the contract ratification meetings that are held. If the local can not or will not get a pension representative to the meeting then the question is "Just what do they have to hide?"</p><p> </p><p>The UPS'ers should be given all of the facts (pro and con) on the pension change that has the IBT is going to try and get passed through on the contract vote.</p></blockquote><p></p>
[QUOTE="barking dog, post: 204954, member: 10253"] badpas Thanks for the comment. I feel very strongly that everyone needs to get the whole truth on this issue before they receive their ballot to vote on the proposal. As things stand right now UPS stands to make a killings on the way things are proposed. Not only would they control the pension fund they would also control the contributions into the fund. It is common knowledge that single employer pensions are not as safe and secure as multi employer pensions. This has proven out multiple times over the last several years in the airlines and other industries. Look what happened when ENRON went down and all of the employees had their retirements tied up in the company stock and company pensions. They virtually lost everything. The airlines cashed in with the PGBC and their employees got pennies on the dollar for their pensions. My point is that when UPS'ers retire they are entitled to the best pension available because they have worked thier assess off for it and they deserve it. It would be a grave injustice for the union to back door a deal and let UPS gouge the pensions of anyone that can make it retirement from a part time or package job. Feeders have a go of it too but nothing like package car drivers and long term part timers. Every UPS Teamster should be calling their local union and demanding that a pension representative be present at the contract ratification meetings that are held. If the local can not or will not get a pension representative to the meeting then the question is "Just what do they have to hide?" The UPS'ers should be given all of the facts (pro and con) on the pension change that has the IBT is going to try and get passed through on the contract vote. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
What if Ups buys out Teamsters/Central States Pension woo`s?
Top