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Brown Cafe UPS Forum
UPS Union Issues
710 Votes No - 3 to 1 margin
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<blockquote data-quote="Booblebrown" data-source="post: 1286879" data-attributes="member: 52205"><p>Well, I don't have any proof that 705 is in red status but there are teamster pensions in the black paying out 60k a year for 30 years. We are nowhere close. I agree that putting in a 401k is a great idea, but now it appears our pension has become somewhat of a question mark, just like social security. I am 50 years old and when i started here I pretty much wrote off the thought of recieving any social security benefits at retirement. Now, having invested a ton of money in 710 pension, I have to wonder if that will be there,or if so at what amount, so I' have to also have a 401k. Thats what non profitable non union companies have to do. That shouldn't be a must for us. When we started here Addi Feeder, We did not have to supplement our retirement</p></blockquote><p></p>
[QUOTE="Booblebrown, post: 1286879, member: 52205"] Well, I don't have any proof that 705 is in red status but there are teamster pensions in the black paying out 60k a year for 30 years. We are nowhere close. I agree that putting in a 401k is a great idea, but now it appears our pension has become somewhat of a question mark, just like social security. I am 50 years old and when i started here I pretty much wrote off the thought of recieving any social security benefits at retirement. Now, having invested a ton of money in 710 pension, I have to wonder if that will be there,or if so at what amount, so I' have to also have a 401k. Thats what non profitable non union companies have to do. That shouldn't be a must for us. When we started here Addi Feeder, We did not have to supplement our retirement [/QUOTE]
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Brown Cafe UPS Forum
UPS Union Issues
710 Votes No - 3 to 1 margin
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