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UPS Union Issues
APWA STRAIGHT FORWARD
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<blockquote data-quote="Just Lurking" data-source="post: 97227" data-attributes="member: 5304"><p>I asked these questions during local APWA meeting in May 2005. They said to e-mail them and I would get answers. Fourteen months and still no reply. Can you answer or maybe get them to reply.</p><p></p><p>1. What is the balance taking historical contribution rates and average market return? It's no where near $840000.</p><p>2. How are they going to gaurantee 10 percent return? Their answer is that they will transfer funds from one financial company to another if they don'y make a 10 percent return. Also, they are going to handle all pension funds for a 1/2 percent fee. With a limited fixed number of financial companies that can handle this amount of pension funds. How is this possible?</p><p>3. Health insurance was no contributions, $10 co-pays and see any doctor or specialist at any office or hospital with $100 individual /$200 family deductible. Prescriptions for $5 and generic free. I think everyone will laugh at any possible answer of how this would work.</p></blockquote><p></p>
[QUOTE="Just Lurking, post: 97227, member: 5304"] I asked these questions during local APWA meeting in May 2005. They said to e-mail them and I would get answers. Fourteen months and still no reply. Can you answer or maybe get them to reply. 1. What is the balance taking historical contribution rates and average market return? It's no where near $840000. 2. How are they going to gaurantee 10 percent return? Their answer is that they will transfer funds from one financial company to another if they don'y make a 10 percent return. Also, they are going to handle all pension funds for a 1/2 percent fee. With a limited fixed number of financial companies that can handle this amount of pension funds. How is this possible? 3. Health insurance was no contributions, $10 co-pays and see any doctor or specialist at any office or hospital with $100 individual /$200 family deductible. Prescriptions for $5 and generic free. I think everyone will laugh at any possible answer of how this would work. [/QUOTE]
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