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<blockquote data-quote="ski or die" data-source="post: 1473710" data-attributes="member: 52818"><p>Holding out for a $5400 pension is the reason many Plans are suffering. The contributions by the company does not provide enough (including interest on the Plan) to make these kind of payments. I fully understand Local 710&#039;s not having increased their Pension, and also I understand the need of the pension being larger because of the cost of living. But, the 710 Plan has been able to recover and return to the green status. After 911 it really struggled for awhile but is in much better shape now. With the opportunity that 710 has at this time with Contract still being negotiated, now is the time to ask for additional contributions from UPS. All the other contracts having being settled do not have this opportunity. Why push the 710 Plan into a &quot;endangered status&quot; and possible cut in pension. Just like the 401k, you try to stretch it out over your retirement. If you take large amounts each time you withdraw, it would go dry over a short period of time.</p></blockquote><p></p>

[QUOTE="ski or die, post: 1473710, member: 52818"] Holding out for a $5400 pension is the reason many Plans are suffering. The contributions by the company does not provide enough (including interest on the Plan) to make these kind of payments. I fully understand Local 710's not having increased their Pension, and also I understand the need of the pension being larger because of the cost of living. But, the 710 Plan has been able to recover and return to the green status. After 911 it really struggled for awhile but is in much better shape now. With the opportunity that 710 has at this time with Contract still being negotiated, now is the time to ask for additional contributions from UPS. All the other contracts having being settled do not have this opportunity. Why push the 710 Plan into a "endangered status" and possible cut in pension. Just like the 401k, you try to stretch it out over your retirement. If you take large amounts each time you withdraw, it would go dry over a short period of time. [/QUOTE]

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