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Brown Cafe UPS Forum
UPS Union Issues
Yet another pension collapse under H. This one at local 707.
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<blockquote data-quote="10 point" data-source="post: 2122195" data-attributes="member: 52520"><p>The deal looked doomed in 97. With the pension fund (CS) already taking on water, the company offered the extra $1000/mo for us to cross the strike line.</p><p></p><p>The leadership matched it. Play taps now.</p><p>The company is not stupid.</p><p></p><p>We are dancing on the Titanic and the fortunate ones that got more $ than they deserved have no gripe now. If you couldn't see the fragility of the fund and predict the seemingly obvious outcome you probably drank too much champagne and ignored the iceberg ahead.</p><p></p><p>Right or wrong, that's my take on it from the limited info I witnessed.</p></blockquote><p></p>
[QUOTE="10 point, post: 2122195, member: 52520"] The deal looked doomed in 97. With the pension fund (CS) already taking on water, the company offered the extra $1000/mo for us to cross the strike line. The leadership matched it. Play taps now. The company is not stupid. We are dancing on the Titanic and the fortunate ones that got more $ than they deserved have no gripe now. If you couldn't see the fragility of the fund and predict the seemingly obvious outcome you probably drank too much champagne and ignored the iceberg ahead. Right or wrong, that's my take on it from the limited info I witnessed. [/QUOTE]
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Brown Cafe UPS Forum
UPS Union Issues
Yet another pension collapse under H. This one at local 707.
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