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An Appeal To UPSer's From FedEx Drivers
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<blockquote data-quote="quadro" data-source="post: 267207" data-attributes="member: 12850"><p>I don't care one way or another if you support or oppose unions, however, I do care when you misrepresent facts. You might want to check out the Pension Protection Act of 2006 and what it modified about ERISA. FedEx switching pension plans wasn't about saving FedEx millions. Had FedEx not switched, it would have cost <strong>billions</strong> to fund the pension plan. Their plan is already well funded but the change in the law would have pretty much put FedEx out of business if they had stayed with the original plan. And if you still believe switching was a bad thing, the same law convinced UPS to pull out of the Central States fund by paying about $6billion. If UPS thought it was worth $6billion to pull out, then that should tell you something about the new law. Also, the new plan at FedEx won't "screw us blind". A lot of people are now getting a second pension at FedEx in addition to their original pension.</p><p> </p><p></p><p>If I worked for FedEx, whether I supported unions or not, why would I want to "level the playing field"? I wouldn't want to help my competition. If I thought voting for a union would help UPS, that's the last reason I would vote for it. What good would it do me to vote for a union that ends up helping my competitor and making life more difficult for me?</p></blockquote><p></p>
[QUOTE="quadro, post: 267207, member: 12850"] I don't care one way or another if you support or oppose unions, however, I do care when you misrepresent facts. You might want to check out the Pension Protection Act of 2006 and what it modified about ERISA. FedEx switching pension plans wasn't about saving FedEx millions. Had FedEx not switched, it would have cost [B]billions[/B] to fund the pension plan. Their plan is already well funded but the change in the law would have pretty much put FedEx out of business if they had stayed with the original plan. And if you still believe switching was a bad thing, the same law convinced UPS to pull out of the Central States fund by paying about $6billion. If UPS thought it was worth $6billion to pull out, then that should tell you something about the new law. Also, the new plan at FedEx won't "screw us blind". A lot of people are now getting a second pension at FedEx in addition to their original pension. If I worked for FedEx, whether I supported unions or not, why would I want to "level the playing field"? I wouldn't want to help my competition. If I thought voting for a union would help UPS, that's the last reason I would vote for it. What good would it do me to vote for a union that ends up helping my competitor and making life more difficult for me? [/QUOTE]
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