Central States Pension

Discussion in 'UPS Retirement Topics' started by rod, Apr 30, 2019.

  1. 542thruNthru

    542thruNthru Well-Known Member

    He's a good guy. We're lucky to have him.
     
  2. Jkloc420

    Jkloc420 Well-Known Member

    he told me that @BakerMayfield2018 is unappreciative
     
  3. 542thruNthru

    542thruNthru Well-Known Member

    Strange he told me that BakerMayfield loves him and his mother.
     
  4. clean hairy

    clean hairy Well-Known Member

    Best as I remember from that long ago, might have been a provision that would allow the company to end the pension at any time?
    Not sure if I remember correctly.
     
  5. DELACROIX

    DELACROIX In the Spirit of Honore' Daumier

    In 1997 UPS was offering 100 dollars per full time service year and 50 dollars per part time service year..Capped at 35 years.

    The vested time under whatever teamster's run pension plan would of been used for monetary credit and vesting..When the employee retires, the current requirement of waiting till age 65 would of not been in effect.

    All the pension plans that the teamster had control of of would of been under the company control..Even the current Western Conference. The monetary savings under a defined controlled pension plan would of saved them billions, they would not have to pay into the the plans any weekly monetary contributions like they obligated to do under the current teamster's controlled pension plans like the Western. The UPS/IBT pension plan and the UPS Pension Plan are defined pension plans, they are only obligated to pay at the end of the year a required amount to covered the promised benefit amounts.

    The Health and Welfare cost per retiree would of been at 50 dollars per month covering any dependents...We all know how that would of payed out with the rise of medical coverages over the last 22 years.

    Just using an example of the UPS Pension Plan for part timers and the lack of any real improvements for those vested who were part time or any current part timer under the Central Supplement it would of hurt all of us if the company took total control of our pension plans back in "97". Study their history with pension and health and welfare packages for their "partners" to prove that point.

    Next contract.."Mark My Words"..The UPS Pension Plan for part timers will be on the chopping block, in fact I expect major changes under every benefit plan that UPS is current paying into under the collective bargaining agreements.
     
  6. bellesmom

    bellesmom Member

    I did better investing than they did and I know nothing about it!
     
  7. burrheadd

    burrheadd KING Of GIFS

    How’s Belle
     
  8. silverbullet2893

    silverbullet2893 KILL KILL!!


    Sounds hot
     
  9. Jones

    Jones fILE A GRIEVE! Staff Member

  10. rod

    rod #1 on Upstates "list"

  11. toonertoo

    toonertoo Most Awesome Dog Staff Member

    powdered milk was great for cooking my grams said.
     
  12. It's nasty to drink...