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Brown Cafe UPS Forum
UPS Retirement Topics
YRCW bankruptcy impact on UPS employee pensions
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<blockquote data-quote="DiadTribe" data-source="post: 658941" data-attributes="member: 20699"><p><span style="font-size: 12px"><strong>$6.1 billion is peanuts!</strong></span>. After taxes it came out to $3.2 billion. That means that with about 3 months gross receipts UPS has gotten out of the Central States black hole. I can't blame them. But I do blame our union officials for letting it happen on the cheap. And it was for one reason. Card check at Overnite. Well guess what! That was going to happen anyway.</p><p> Here is a project for you. This week with your extra time off try to find out ANYTHING about your IBT/UPS pension plan. Call UPS. Call IBT. Look at both websites. Go to upsers.com. Be sure to have quite a bit of time for this. And be prepared to learn little or nothing. </p><p> Now that should be a warning signal as it is in any instance where you can't seem to talk to anyone about your money. Be afraid. Be very afraid!</p></blockquote><p></p>
[QUOTE="DiadTribe, post: 658941, member: 20699"] [SIZE=3][B]$6.1 billion is peanuts![/B][/SIZE]. After taxes it came out to $3.2 billion. That means that with about 3 months gross receipts UPS has gotten out of the Central States black hole. I can't blame them. But I do blame our union officials for letting it happen on the cheap. And it was for one reason. Card check at Overnite. Well guess what! That was going to happen anyway. Here is a project for you. This week with your extra time off try to find out ANYTHING about your IBT/UPS pension plan. Call UPS. Call IBT. Look at both websites. Go to upsers.com. Be sure to have quite a bit of time for this. And be prepared to learn little or nothing. Now that should be a warning signal as it is in any instance where you can't seem to talk to anyone about your money. Be afraid. Be very afraid! [/QUOTE]
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