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Brown Cafe UPS Forum
UPS Retirement Topics
Central States
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<blockquote data-quote="Catatonic" data-source="post: 972534" data-attributes="member: 7966"><p>UPS funded your Teamster managed pension account. Other than that, UPS had nothing to do with the CS Pension.</p><p>UPS never made any promises or estimates.</p><p>I assume you were sincere in your statement but you have it all wrong.</p><p></p><p>The Teamsters embezzled/wasted your pension funding.</p><p>UPS has funded the CS more twice as much per individual as they did for management pension.</p><p> Management gets around $4500 per month with 30 years at 55.</p><p>If UPS had taken over the CS in 1997 you would be getting $3000 per month and be fully funded (as is the management pension).</p><p>Instead you struck UPS to keep the Teamsters in charge of your pension.</p><p>There is no one to blame but yourself and the Teamsters.</p><p></p><p>Sad ... I hope things work out for you.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 972534, member: 7966"] UPS funded your Teamster managed pension account. Other than that, UPS had nothing to do with the CS Pension. UPS never made any promises or estimates. I assume you were sincere in your statement but you have it all wrong. The Teamsters embezzled/wasted your pension funding. UPS has funded the CS more twice as much per individual as they did for management pension. Management gets around $4500 per month with 30 years at 55. If UPS had taken over the CS in 1997 you would be getting $3000 per month and be fully funded (as is the management pension). Instead you struck UPS to keep the Teamsters in charge of your pension. There is no one to blame but yourself and the Teamsters. Sad ... I hope things work out for you. [/QUOTE]
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