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Brown Cafe UPS Forum
UPS Union Issues
Attention Teamsters in the central region.
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<blockquote data-quote="beentheredonethat" data-source="post: 1000369" data-attributes="member: 4886"><p>That's bull... The 50% voting is by representatives of all the companies, UPS itself has one person on the board, Frank Keller. UPS itself has 12.5% of the voting power. Very easy to be overruled by the rest of the trustees. Just because the other 3 represent other companies they don't have the exact same opinions as that of our representative. So you are trying to blame UPS when we get 12.5% of the vote.</p><p></p><p>As I said before, compare what it gives you to if all that money contributed went into an SP500 index fund over the years. That same SP500 index fund has had it's ups and downs. Hey, it doesn't affect me, my pension is not covered by the mismanaged and critical status of the teamster pension funds. Here's another question, why is it the IAM pension is so good? They get contributions virtually the same as the teamsters. They have similar mgmt\non mgmt on the board. They have similar insurance and survivor benefits. They have similar issues with the market. Yet they are fully funded and have a great payout to their members. Yet you are saying it's the companies fault that the teamsters pension is in critical shape. Hmmmmmm</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1000369, member: 4886"] That's bull... The 50% voting is by representatives of all the companies, UPS itself has one person on the board, Frank Keller. UPS itself has 12.5% of the voting power. Very easy to be overruled by the rest of the trustees. Just because the other 3 represent other companies they don't have the exact same opinions as that of our representative. So you are trying to blame UPS when we get 12.5% of the vote. As I said before, compare what it gives you to if all that money contributed went into an SP500 index fund over the years. That same SP500 index fund has had it's ups and downs. Hey, it doesn't affect me, my pension is not covered by the mismanaged and critical status of the teamster pension funds. Here's another question, why is it the IAM pension is so good? They get contributions virtually the same as the teamsters. They have similar mgmt\non mgmt on the board. They have similar insurance and survivor benefits. They have similar issues with the market. Yet they are fully funded and have a great payout to their members. Yet you are saying it's the companies fault that the teamsters pension is in critical shape. Hmmmmmm [/QUOTE]
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Attention Teamsters in the central region.
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