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Brown Cafe UPS Forum
UPS Union Issues
Are You Getting Tired Of Sacrificing Your Pension Money?
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<blockquote data-quote="wyobill" data-source="post: 232612" data-attributes="member: 7338"><p>The Teasmsters have been notorious for imbezzeling moneys out of pension funds in years past. That is capital that can never be recovered. </p><p>Central States has always been severely underfunded. This is something that has not just happened in recent years. I can remember asking a union rep in the early 80's what was cs funded at and his reply was 60%</p><p> Just beware the company wants out of cs but current ups employees</p><p>will get to keep the years they have in it. Is this a good deal or not???</p><p> My question to Tie is back in 97 was UPS going to assume our pension? When UPS offered a 30 and out who were they talking to?</p><p>Brand new employees or was this offer for everyone??? In 97 I had 15 yrs in with cs. What would have happened to those vested years if UPS</p><p>would have pulled out???</p></blockquote><p></p>
[QUOTE="wyobill, post: 232612, member: 7338"] The Teasmsters have been notorious for imbezzeling moneys out of pension funds in years past. That is capital that can never be recovered. Central States has always been severely underfunded. This is something that has not just happened in recent years. I can remember asking a union rep in the early 80's what was cs funded at and his reply was 60% Just beware the company wants out of cs but current ups employees will get to keep the years they have in it. Is this a good deal or not??? My question to Tie is back in 97 was UPS going to assume our pension? When UPS offered a 30 and out who were they talking to? Brand new employees or was this offer for everyone??? In 97 I had 15 yrs in with cs. What would have happened to those vested years if UPS would have pulled out??? [/QUOTE]
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Are You Getting Tired Of Sacrificing Your Pension Money?
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