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Brown Cafe UPS Forum
UPS Union Issues
Bye Bye Pension and Hello to matching 401k coming in 2023?
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<blockquote data-quote="East coast navy" data-source="post: 3723234" data-attributes="member: 46214"><p>The company wants to offer something competitive to their employees so they don’t go somewhere else (like their rivals) but also can afford.... The really big problem is the company doesn’t like it when they put out money for a model that they advertise to new hires and exciting employees but it goes to crap for reasons of the union has control of the investments, how the union is running the pension and also pensions become a balancing act... Making sure there is enough members putting in to having enough money for peolpe going out. </p><p></p><p>Why do you think ups was one of the company’s that lobbied for the pension reform act of 2006.</p></blockquote><p></p>
[QUOTE="East coast navy, post: 3723234, member: 46214"] The company wants to offer something competitive to their employees so they don’t go somewhere else (like their rivals) but also can afford.... The really big problem is the company doesn’t like it when they put out money for a model that they advertise to new hires and exciting employees but it goes to crap for reasons of the union has control of the investments, how the union is running the pension and also pensions become a balancing act... Making sure there is enough members putting in to having enough money for peolpe going out. Why do you think ups was one of the company’s that lobbied for the pension reform act of 2006. [/QUOTE]
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UPS Union Issues
Bye Bye Pension and Hello to matching 401k coming in 2023?
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