Central States - Voices for Pension Security - On Topic Please

[Rack em]

How's that working out for Central States?

Yes

 

[UpstateNYUPSer(Ret)]

How's that working out for Central States?

For those who retired after 2007? Great!

 

[Johney]

For those who retired after 2007? Great!

Ok if you say so.

 

[UpstateNYUPSer(Ret)]

Ok if you say so.

Post 2007 retirees have their cuts made up by the Company.

 

[Johney]

Post 2007 retirees have their cuts made up by the Company.

For now.

 

[UpstateNYUPSer(Ret)]

For now.

True—-this could be eliminated with the new contract.

 

[Johney]

They were bought out for what? 6.6 billion? Where's it all now?

 

[Johney]

True—-this could be eliminated with the new contract.

My point exactly.

 

[UpstateNYUPSer(Ret)]

They were bought out for what? 6.6 billion? Where's it all now?

It was gone almost as soon as the check cleared.

 

[Johney]

It was gone almost as soon as the check cleared.

No doubt.

 

[BigBrown87]

Post 2007 retirees have their cuts made up by the Company.

So your saying anyone who retires after 2007 has had the pension cuts covered by the company?

 

[Johney]

So your saying anyone who retires after 2007 has had the pension cuts covered by the company?

In C.S. they do.


For now.

 

[UpstateNYUPSer(Ret)]

So your saying anyone who retires after 2007 has had the pension cuts covered by the company?

Only in CSPF.

 

[trickpony1]

So your saying anyone who retires after 2007 has had the pension cuts covered by the company?

I was told there will never be contract WITHOUT that language in it.

The VP of the local said this.

 

[BigBrown87]

Only in CSPF.

I'm I the central states a bunch of retirees I talked to went and met with the head of treasury to talk to him about this issue a while back. No real progress was made but they seemed optimistic about the pension being fixed at some point or another.

 

[Johney]

I was told there will never be contract WITHOUT that language in it.

The VP of the local said this.

I hope so, the problem is what will be given up for that?

 

[UpstateNYUPSer(Ret)]

I'm I the central states a bunch of retirees I talked to went and met with the head of treasury to talk to him about this issue a while back. No real progress was made but they seemed optimistic about the pension being fixed at some point or another.

Google “Butch Lewis”.

 

[BigBrown87]

Google “Butch Lewis”.

I have heard of the butch Lewis act, it still has not passed from my understanding so if it gets passed that's great but won't hold my breathe

 

[Old Man Jingles]

The problem is with the multi-employer plans.

The solution is for the company to buy us out and put us in to a hybrid plan.

This solution would all but wipe out the former plans.

UPS tried to do that in 1997 and the Teamsters had a conniption.

 

[Old Man Jingles]

Post 2007 retirees have their cuts made up by the Company.

In this contract.
When will that fade away?