Hmmm... how about when you start collecting your pension, figure the difference between the full amount (you'll get) minus the reduced amount (you would have received) and send it straight to the US Treasury.
You'll sleep better.
Central States going broke---
- Thread starter rod
- Start date
You'll sleep better.
How about that make a reasonable repayment plan. But the plan get back on his legs then have a percentage of the money you put in every week go back towards paying off the loan
rod
Retired 22 years
Not necessary-- I thrive on this kind of crap. Lord knows I dish enough of it out I better be able to take it. Bring it on punks.
rod
Retired 22 years
friend-it-------show me the money
rod
Retired 22 years
I want it all--- my wifes next husband needs all the help he can get licensing all my toys he will get.
rod
Retired 22 years
Just come here to my town. She will be the gal with the biggest smile on her face.
That sounds a lot like the original Butch Lewis Plan that languished on McConnells desk when he was leader.
I guess he was too busy passing a rescue plan for the failed Coal Miners pension in Kentucky and saying FU to everyone else.
There's been so much money spent in the last year it's unbelievable
Trailer monkey
Well-Known Member
It saves money in the long run
DELACROIX
In the Spirit of Honore' Daumier
After the pension plan applies and is accepted the PBGC provides the monetary responsibility of it’s (current) retirees. The employers’ contributions continue providing much needed funding with the hope of investment growth.
I believe that for example that the Central States retirees will be getting a retirement check from the federal government not their original pension fund equal to their current benefit.
It is a forgivable loan..meaning they do not have to pay it back. Basically the Feds are taking over these underfunded plans and will run them as they please, the behind the door agreements have already been done, you are talking about 56 billion just in the Central.
It is not just the Union that has to answer to the Feds now, the corporations and companies that are contributing or have contributed will be under the direct supervision from Washington in regards to the running of these pension trusts.
The elimination of the Management plan in 2023 was an early indicator of the chess pieces being moved, still in the middle of the game..
I can't wait to see what this next contract bringsI can't wait to see what this next contract brings
DELACROIX
In the Spirit of Honore' Daumier
I said this before that the Company will be trying to eliminate it’s UPS plan for primarily union part timers. They desperately want out of all it’s defined pension plans, I presume that they are expecting rising costs and more federal regulation and accountability.
Most of us have vested rights under those part time years that count toward our full time years. Those monetary benefits have been stagnant for decades, same for the active part timers, I expect the company will sweeten the pot in order to negotiate out of continuing to fund that plan.
The IBT/UPS plan will continue as usual with the happy news of the stimulus bail out.
You are correct...PENSIONS will be the number one issue on the table in 2023...everybody considered better make sure that your interests are served and that the International starts to negotiate on behalf of their members again, the last two were pathetic.
I'm curious to see how this election is also going to turn out
BigUnionGuy
Got the T-Shirt
perhaps the union and ups could assign a cash value of peoples pensions and cash it out......that way people would really be on their own and not have to kowtow to either the union or ups....defined pensions are relics ....ups doesn't have any new defined pensions for management and will stop contributing to its existing management pensions in 2022.....the teamsters like the defined pensions due to extremely high pt turnover...its amazing the amount of money they collect from ups and how little they pay out....the teamsters certainly display communistic/socialistic tendencies.......everyone is equal and some are more equal than others.
What'dyabringmetoday???
Well-Known Member
Exactly- only YOU are allowed to express any views.
Trailer monkey
Well-Known Member
Most part-timers are in the UPS Pension Plan which is not controlled by the union
BigUnionGuy
Got the T-Shirt
As much time as you spend chasing me around BrownCafe....
There is a thread, that could possibly offer some insight.
openly gay drivers | UPS Discussions
was just wondering how it was over on the other side of UPS about openly gay drivers we dont have any (males) now, but about 3 years ago we did, and the guys harrased him so bad that he quit we only have 1 female and she is a yard jockey and she is openly gay
www.browncafe.com
