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Contract raises? don't be brainwashed!
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<blockquote data-quote="beentheredonethat" data-source="post: 1084402" data-attributes="member: 4886"><p>I know, it was taken over since the plan was deeply in the red. Why didn't the brotherhood of the teamsters help each other out? Similar to 97, UPS wanted to do this, since they knew the way the laws out, a multi employer pension plan penalizes the healthy companies like UPS which are some of hte last companies standing. We wanted way back then to protect only the UPS teamsters and not the teamsters of hte other companies. To be 100% honest, they also were largely concerned with limiting their exposure to pension funds that were being mismanaged. (Note: "mismanaged" is a very nice term for how these funds were administered, others would call it criminal.)</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 1084402, member: 4886"] I know, it was taken over since the plan was deeply in the red. Why didn't the brotherhood of the teamsters help each other out? Similar to 97, UPS wanted to do this, since they knew the way the laws out, a multi employer pension plan penalizes the healthy companies like UPS which are some of hte last companies standing. We wanted way back then to protect only the UPS teamsters and not the teamsters of hte other companies. To be 100% honest, they also were largely concerned with limiting their exposure to pension funds that were being mismanaged. (Note: "mismanaged" is a very nice term for how these funds were administered, others would call it criminal.) [/QUOTE]
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Contract raises? don't be brainwashed!
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