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UPS Union Issues
Contract deal soon?
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<blockquote data-quote="badpas" data-source="post: 205500" data-attributes="member: 8876"><p>Sorry Red, I don't but I can assure you that I'm not making this up. This came from one of Jon Frum's posts and I'm sure if asked he would share this, but he is not the only one I've heard this from. This has been explained before by ups officials as well. I don't know about abf or yellow I just know about ups. You can believe what I say simply because I for one don't like misinformation either but if I'm wrong I'll be the first to admit it.</p><p> </p><p>But lets make one thing clear, the single emp-pension fund is not explained the way the apwa has proposed. It may have single employer funding but the key difference is it will not be controlled by ups or the apwa or the teamsters or whoever, it will be controlled by the investment firm which just happens to be one of the 3 largest investment firms in the world and will be assuredly be one of the largest if not the largest fund in the clientel. Now there may be trustees involved as well, I can't say for sure but allowing ups and the teamsters to co-op a pension fund for us is definately putting all our eggs in one basket. This is our best option for controlling our future because it keeps all parties involved but from a distance. I have several friends who work as brokers and they all had the same thing to say about it and the way it is now use to work but things change and if you can't roll with the punches your sunk from the get go. Hopefully this sheds some light on the single-emp pension fund argument.</p></blockquote><p></p>
[QUOTE="badpas, post: 205500, member: 8876"] Sorry Red, I don't but I can assure you that I'm not making this up. This came from one of Jon Frum's posts and I'm sure if asked he would share this, but he is not the only one I've heard this from. This has been explained before by ups officials as well. I don't know about abf or yellow I just know about ups. You can believe what I say simply because I for one don't like misinformation either but if I'm wrong I'll be the first to admit it. But lets make one thing clear, the single emp-pension fund is not explained the way the apwa has proposed. It may have single employer funding but the key difference is it will not be controlled by ups or the apwa or the teamsters or whoever, it will be controlled by the investment firm which just happens to be one of the 3 largest investment firms in the world and will be assuredly be one of the largest if not the largest fund in the clientel. Now there may be trustees involved as well, I can't say for sure but allowing ups and the teamsters to co-op a pension fund for us is definately putting all our eggs in one basket. This is our best option for controlling our future because it keeps all parties involved but from a distance. I have several friends who work as brokers and they all had the same thing to say about it and the way it is now use to work but things change and if you can't roll with the punches your sunk from the get go. Hopefully this sheds some light on the single-emp pension fund argument. [/QUOTE]
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