Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Contract Talks begin 27-September-2012
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="PobreCarlos" data-source="post: 982110" data-attributes="member: 16651"><p>PgiSkin;</p><p></p><p>Not necessarily; I'm fully aware of union pension funds that are well-managed and well-funded. On the other hand, there have been problems. The USW plan went insolvent, as I recall, and we're all aware of the problems the UAW pension has had of late. The Teamsters - at least in several of their plans - have had major problems because they couldn't sustain contributing employers, thus putting even more pressure on those remaining. Of course, that makes those remaining less viable as well, and they tend to fall like dominoes, creating a self-perpetuating problem. </p><p></p><p>Anyway, one can understand why unions want involvement in their pension trusts. Unfortunately, their involvement isn't always best for those covered. Even more unfortunately, plans like the Teamsters Central States have been saddled with problems since virtually the day they were created.</p></blockquote><p></p>
[QUOTE="PobreCarlos, post: 982110, member: 16651"] PgiSkin; Not necessarily; I'm fully aware of union pension funds that are well-managed and well-funded. On the other hand, there have been problems. The USW plan went insolvent, as I recall, and we're all aware of the problems the UAW pension has had of late. The Teamsters - at least in several of their plans - have had major problems because they couldn't sustain contributing employers, thus putting even more pressure on those remaining. Of course, that makes those remaining less viable as well, and they tend to fall like dominoes, creating a self-perpetuating problem. Anyway, one can understand why unions want involvement in their pension trusts. Unfortunately, their involvement isn't always best for those covered. Even more unfortunately, plans like the Teamsters Central States have been saddled with problems since virtually the day they were created. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Contract Talks begin 27-September-2012
Top