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(2013 --> 2020) Growth and Retraction of UPS Because of Amazon?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 4300334" data-attributes="member: 12570"><p>That's a lot of verbiage to expose your complete lack of knowledge of how a multi-employer pension plan works.</p><p></p><p>My pension payment was 100% paid by the company-----it was a set amount paid per hour for the first 8 hours that I worked every day----but it is now 100% controlled by the Teamsters. I had to work for at least 5 years to be vested and for at least 30 years (and age 55 or more) to be eligible for a "normal" (full) pension. My payment was reduced by 16% due to my divorce and 18% due to the fact that our pension fund is severely underfunded. </p><p></p><p>The only part the you got right was the fact that I (and all other retirees) are little more than a liability which the fund would love to get rid of.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 4300334, member: 12570"] That's a lot of verbiage to expose your complete lack of knowledge of how a multi-employer pension plan works. My pension payment was 100% paid by the company-----it was a set amount paid per hour for the first 8 hours that I worked every day----but it is now 100% controlled by the Teamsters. I had to work for at least 5 years to be vested and for at least 30 years (and age 55 or more) to be eligible for a "normal" (full) pension. My payment was reduced by 16% due to my divorce and 18% due to the fact that our pension fund is severely underfunded. The only part the you got right was the fact that I (and all other retirees) are little more than a liability which the fund would love to get rid of. [/QUOTE]
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(2013 --> 2020) Growth and Retraction of UPS Because of Amazon?
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