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11-02-2009, 10:11 AM
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#1 | | Junior Member
Join Date: Sep 2009
Posts: 7
Rep Power: 0 |  pension rights
western states pension plan is fully funded right now will ups try too drag this one down?? | 
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11-02-2009, 10:29 AM
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#2 | | Senior Member
Join Date: Aug 2006
Posts: 374
Rep Power: 1499 | Re: pension rights
Quote:
Originally Posted by brownlif23  western states pension plan is fully funded right now will ups try too drag this one down?? |
Why don't you call them and ask. then get back to us. hear it from the horses mouth. not from us clowns. | |
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11-02-2009, 10:47 AM
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#3 | | Junior Member
Join Date: Jul 2006
Posts: 20
Rep Power: 0 | Re: pension rights
Quote:
Originally Posted by brownlif23 western states pension plan is fully funded right now will ups try too drag this one down?? | How many other companies still have a pension plan still? If you do not like it at UPS then leave. | |
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11-02-2009, 11:59 PM
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#4 | | Member
Join Date: Oct 2008
Posts: 360
Rep Power: 2706 | Re: pension rights
Go here . . . http://www.wctpension.org/
and download the Actuary's Letter on Plan Funding Status.
The Plan was 84.7% funded as of 1/1/2009.
Down from 97.1% funded on 1/1/2008.
[It may well have gone up since.]
For what it's worth, UPS is prohibited from suggesting they take over any Teamster Pension Fund by a Memorandum of Understanding located at the end of the Master Agreement. . . Quote: Memorandum of Understanding
United Parcel Service, Inc. (Ohio and New York Corporation), as a demonstration of its commitment to maintaining jointly administered Teamster pension benefit plans, and to enhance the long term stability of pension coverage for its employees represented by Teamster Local Unions, agrees that for a period of ten (10) years from the effective date of the National Master Agreement [12/17/2007], it will not solicit any signatory Local Union to change pension plans, either by proposing such change during future negotiations of the National Master Agreement or by encouraging its employees to advocate withdrawal from participation in their current pension plan.
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11-03-2009, 03:22 AM
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#5 | | ModSta in Training
Join Date: Dec 2006 Location: Atlanta - Innoplex
Posts: 4,458
Rep Power: 9523 | Re: pension rights
Quote:
Originally Posted by JonFrum Go here . . . http://www.wctpension.org/
and download the Actuary's Letter on Plan Funding Status.
The Plan was 84.7% funded as of 1/1/2009.
Down from 97.1% funded on 1/1/2008.
[It may well have gone up since.]
For what it's worth, UPS is prohibited from suggesting they take over any Teamster Pension Fund by a Memorandum of Understanding located at the end of the Master Agreement. . . | God I hope so! UPS can not afford to bailout another ineptly run Teamster's pension fund that has been funded for the most part by UPS to begin with. I hope all the other are in as good or even better shape. PLEASE!!!
__________________ Pay no attention to what people say...observe their actions and above all else remember, "It is what it is".  Its a fascinating story, but as the Ferangi say, "A good lie is easier to believe than the truth." | |
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11-03-2009, 03:24 AM
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#6 | | ModSta in Training
Join Date: Dec 2006 Location: Atlanta - Innoplex
Posts: 4,458
Rep Power: 9523 | Re: pension rights
Quote:
Originally Posted by brownone How many other companies still have a pension plan still? If you do not like it at UPS then leave. | One small point of clarification ... UPS does not have a pension fund for drivers except for the Central States fund. UPS just funds the the Teamster's Pension Plan.
__________________ Pay no attention to what people say...observe their actions and above all else remember, "It is what it is". Its a fascinating story, but as the Ferangi say, "A good lie is easier to believe than the truth." | |
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11-03-2009, 12:01 PM
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#7 | | Member
Join Date: Oct 2008
Posts: 360
Rep Power: 2706 | Re: pension rights
Quote:
Originally Posted by Hoaxster God I hope so! UPS can not afford to bailout another ineptly run Teamster's pension fund that has been funded for the most part by UPS to begin with. I hope all the other are in as good or even better shape. PLEASE!!! | Hoax,
UPS did not bailout Central States.
UPS bailed out of Central States.
UPS paid up the $6.1 billion bill it owed, and left. | |
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11-03-2009, 04:55 PM
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#8 | | ModSta in Training
Join Date: Dec 2006 Location: Atlanta - Innoplex
Posts: 4,458
Rep Power: 9523 | Re: pension rights
Quote:
Originally Posted by JonFrum Hoax,
UPS did not bailout Central States.
UPS bailed out of Central States.
UPS paid up the $6.1 billion bill it owed, and left. | I guess one good spin deserves another. 
__________________ Pay no attention to what people say...observe their actions and above all else remember, "It is what it is". Its a fascinating story, but as the Ferangi say, "A good lie is easier to believe than the truth." | |
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11-03-2009, 05:01 PM
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#9 | | Member
Join Date: Sep 2009
Posts: 394
Rep Power: 1002 | Re: pension rights
Quote:
Originally Posted by Hoaxster I guess one good spin deserves another. | Nevermind the comment.
I like the new image. I need one, but just can't find one I'm happy with.
I'm looking for a guy in a suit whipping aircraft mechanics... | |
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11-03-2009, 10:36 PM
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#10 | | YO YO DAWG
Join Date: Jul 2006 Location: Northwest
Posts: 232
Rep Power: 671 | Re: pension rights
Quote:
Originally Posted by Dis-organized Labor Nevermind the comment.
I like the new image. I need one, but just can't find one I'm happy with.
I'm looking for a guy in a suit whipping aircraft mechanics... | 
how's this? 
__________________
I have never seen a company devote such an effort to fixing unbroken things......until they break | 
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