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UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="area43" data-source="post: 213915" data-attributes="member: 4862"><p>The CS plan is a total disaster, I assume red that you are in the 401k. Lets say that UPS and the Teamster were 2 funds that were added. UPS is in the black(financially) and the Teamsters are in the red(finacially). Would you keep your balance and future contributions going unto the bankrupt fund or would you pull out and go into another more profitable fund. I believe you would pull out and go to the better fund. It is that simple. Why stay in a poor investment fund and keep taking hits to the face. I wish that you could see that UPS is actually looking out for you. By pulling out or starting another fund would only help you and also help UPS, because whats good for UPS is good for us. Dont you see the train coming. Cs is just like social security, more people and more people are drawing on it and less and less people are contributing. The government, just like the teamsters are going to have to keep raising the age of retirement and decrease the monthly payments to keep up. What both the govenment and Teamsters wont tell you is that they would rather have you die, than make payments to you.</p><p> </p><p>UPS must remain healthy. Lest we forget, the Teamsters are like a leech(Im mean this in a respectful way). A Leech attaches itself to a producer and lives of them. The Leech though is very helpful, when someone has an injury and swelling persist it can attach itself and lessen the swelling. In relation to the Teamsters, they cannot live without UPS if UPS leaves the cs plan it would be in a world of hurt. Its smart business sense for UPS to leave Central States. Its just a bad investment. Dont forget, the whole purpose of a company is to make money and also make smart business decisions. </p><p> </p><p>In closing, I know Ill be labeled cold and heartless, what about all the other non ups retirees. They ll be allright. They have social security, a teamsters partial retirement, maybe some 401k, inheritance,kids are grown, definetly not a mortgage and if they do, its their own darn fault and no car payment. Poor planning on their part dosent constitute an emergency on my part or UPS s part for that matter. That brings up another question should UPS compensate for the choices we make. Thats another topic. If you call me non compasionate, thats fine, but you are tooo. So what you are saying, lets keep funding a broke system because we want to be caring and compastionate. Why stop there, lets just create a retirement fund for all the orphants,illegal aliens, all the starving people of the world,etc, etc. My point is I would LOVE to do all that, but there is only so much money to go around, unfortunately. We must prioritize. I first must look out for my families welfare and future. If doing so makes me selfish, than so be it.</p></blockquote><p></p>
[QUOTE="area43, post: 213915, member: 4862"] The CS plan is a total disaster, I assume red that you are in the 401k. Lets say that UPS and the Teamster were 2 funds that were added. UPS is in the black(financially) and the Teamsters are in the red(finacially). Would you keep your balance and future contributions going unto the bankrupt fund or would you pull out and go into another more profitable fund. I believe you would pull out and go to the better fund. It is that simple. Why stay in a poor investment fund and keep taking hits to the face. I wish that you could see that UPS is actually looking out for you. By pulling out or starting another fund would only help you and also help UPS, because whats good for UPS is good for us. Dont you see the train coming. Cs is just like social security, more people and more people are drawing on it and less and less people are contributing. The government, just like the teamsters are going to have to keep raising the age of retirement and decrease the monthly payments to keep up. What both the govenment and Teamsters wont tell you is that they would rather have you die, than make payments to you. UPS must remain healthy. Lest we forget, the Teamsters are like a leech(Im mean this in a respectful way). A Leech attaches itself to a producer and lives of them. The Leech though is very helpful, when someone has an injury and swelling persist it can attach itself and lessen the swelling. In relation to the Teamsters, they cannot live without UPS if UPS leaves the cs plan it would be in a world of hurt. Its smart business sense for UPS to leave Central States. Its just a bad investment. Dont forget, the whole purpose of a company is to make money and also make smart business decisions. In closing, I know Ill be labeled cold and heartless, what about all the other non ups retirees. They ll be allright. They have social security, a teamsters partial retirement, maybe some 401k, inheritance,kids are grown, definetly not a mortgage and if they do, its their own darn fault and no car payment. Poor planning on their part dosent constitute an emergency on my part or UPS s part for that matter. That brings up another question should UPS compensate for the choices we make. Thats another topic. If you call me non compasionate, thats fine, but you are tooo. So what you are saying, lets keep funding a broke system because we want to be caring and compastionate. Why stop there, lets just create a retirement fund for all the orphants,illegal aliens, all the starving people of the world,etc, etc. My point is I would LOVE to do all that, but there is only so much money to go around, unfortunately. We must prioritize. I first must look out for my families welfare and future. If doing so makes me selfish, than so be it. [/QUOTE]
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Another example of Central States mismanagement
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