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Central states pensioners, please read!
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<blockquote data-quote="pretzel_man" data-source="post: 515013" data-attributes="member: 927"><p>Red:</p><p> </p><p>I've read the material three times now, and while I admit I'm not close to the pension situation I don't see the scandal.</p><p> </p><p>The web site shows all the faults with the new UPS / IBT pension plan for the central states.</p><p> </p><p>It also compares this plan to other teamster plans and says it doesn't pay favorably.</p><p> </p><p>I guess I don't understand why the comparison is to other teamster plans, instead of the previous Central States plan?</p><p> </p><p>There is a statement about getting two checks, and that if there is a problem with the central states UPS will not make up the difference. This is stated as a negative. </p><p> </p><p>But, it seems to me that if you compare this to the old Central States plan, that employee is better off than they would have been.</p><p> </p><p>There is a statement that employees that do the same work are getting less pension. Again, I don't understand. That situation existed before UPS and the IBT changed the Central States pension. In fact it was a greater different before wasn't it?</p><p> </p><p>It seems to me that the web site is posted a very one sided point of view. Help me understand where I'm misreading that.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 515013, member: 927"] Red: I've read the material three times now, and while I admit I'm not close to the pension situation I don't see the scandal. The web site shows all the faults with the new UPS / IBT pension plan for the central states. It also compares this plan to other teamster plans and says it doesn't pay favorably. I guess I don't understand why the comparison is to other teamster plans, instead of the previous Central States plan? There is a statement about getting two checks, and that if there is a problem with the central states UPS will not make up the difference. This is stated as a negative. But, it seems to me that if you compare this to the old Central States plan, that employee is better off than they would have been. There is a statement that employees that do the same work are getting less pension. Again, I don't understand. That situation existed before UPS and the IBT changed the Central States pension. In fact it was a greater different before wasn't it? It seems to me that the web site is posted a very one sided point of view. Help me understand where I'm misreading that. P-Man [/QUOTE]
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