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Brown Cafe UPS Forum
UPS Union Issues
What if Ups buys out Teamsters/Central States Pension woo`s?
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<blockquote data-quote="badpas" data-source="post: 205521" data-attributes="member: 8876"><p>I agree completly except I would like to clear up the single emp-pension fund difference. what you said about single emp-pension funds controlled by their companies are as just as you described it, not very reliable. However, the difference with the way the apwa has proposed is that the company would not be in controll nor would the apwa. There maybe trustees involved but the fund would be managed by one of the 3 largest investment firms in the world. This way the problems that other companies had, which are very good examples to learn from, don't happen again. Like I've said in other threads all parties concerned would be invoved and it would be transparent but they would not be in control of to barrow against or do whatever they want to do. Everything would be as it should be and that involves more security for everyone along with maximising profits without risk of ups going out of business. Everything else you said was right on and hopefully more people take the same insiative as you have.</p></blockquote><p></p>
[QUOTE="badpas, post: 205521, member: 8876"] I agree completly except I would like to clear up the single emp-pension fund difference. what you said about single emp-pension funds controlled by their companies are as just as you described it, not very reliable. However, the difference with the way the apwa has proposed is that the company would not be in controll nor would the apwa. There maybe trustees involved but the fund would be managed by one of the 3 largest investment firms in the world. This way the problems that other companies had, which are very good examples to learn from, don't happen again. Like I've said in other threads all parties concerned would be invoved and it would be transparent but they would not be in control of to barrow against or do whatever they want to do. Everything would be as it should be and that involves more security for everyone along with maximising profits without risk of ups going out of business. Everything else you said was right on and hopefully more people take the same insiative as you have. [/QUOTE]
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What if Ups buys out Teamsters/Central States Pension woo`s?
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