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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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<blockquote data-quote="UPSmechanicinblue" data-source="post: 1860915" data-attributes="member: 28826"><p>This is sad news for a lot of retirees and there are many that I know personally- Action should have been taken along time ago. How I don't know, but this is far worse than I predicted.</p><p> Don't really think anyone who had ran for Teamsters president or had gotten there could of changed the out come. All they where doing is pushing the cuts further and further down the road making them worse. There was Carey who gave the huge increase years ago when we new it was way underfunded and on a decline, Hoffa pulled us out of Central States and that's exactly what the majority of UPS members wanted done. The fund has been on a decline for many years along with the percentage of the union workforce. There is now way they where going to organize new people and put them into a failing pension fund.</p></blockquote><p></p>
[QUOTE="UPSmechanicinblue, post: 1860915, member: 28826"] This is sad news for a lot of retirees and there are many that I know personally- Action should have been taken along time ago. How I don't know, but this is far worse than I predicted. Don't really think anyone who had ran for Teamsters president or had gotten there could of changed the out come. All they where doing is pushing the cuts further and further down the road making them worse. There was Carey who gave the huge increase years ago when we new it was way underfunded and on a decline, Hoffa pulled us out of Central States and that's exactly what the majority of UPS members wanted done. The fund has been on a decline for many years along with the percentage of the union workforce. There is now way they where going to organize new people and put them into a failing pension fund. [/QUOTE]
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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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