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Brown Cafe UPS Forum
UPS Union Issues
CS pension "Cut out the middle man"
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<blockquote data-quote="area43" data-source="post: 244241" data-attributes="member: 4862"><p>cont from permalink #3</p><p> </p><p>UPS in reference to the 6 to 12 billion estimate in buying out and funding the fund to acceptable levels. UPS will try and use these monies toward their attempt to give back to the UPS ft empoyees their long lost past UPS contributions, because we all know the Teamsters are not going to give it from their CS bank account. Remember, UPSers "promises" UPS is going to use that as their main arguement. The Teamsters made promises they knew they couldn't keep. UPS will argue because of that the Teamsters should not be trusted with more UPS monies. This is where the fight begins. Instead of UPS giving the Teamsters the monies to bring the funding levels up. UPS is going to try I believe to give the funding level monies to the UPS ft employees(CS) via UPS stock. Again, This would be a smart move on UPS's part. Noble cause,perphaps. With a few strings attached.</p></blockquote><p></p>
[QUOTE="area43, post: 244241, member: 4862"] cont from permalink #3 UPS in reference to the 6 to 12 billion estimate in buying out and funding the fund to acceptable levels. UPS will try and use these monies toward their attempt to give back to the UPS ft empoyees their long lost past UPS contributions, because we all know the Teamsters are not going to give it from their CS bank account. Remember, UPSers "promises" UPS is going to use that as their main arguement. The Teamsters made promises they knew they couldn't keep. UPS will argue because of that the Teamsters should not be trusted with more UPS monies. This is where the fight begins. Instead of UPS giving the Teamsters the monies to bring the funding levels up. UPS is going to try I believe to give the funding level monies to the UPS ft employees(CS) via UPS stock. Again, This would be a smart move on UPS's part. Noble cause,perphaps. With a few strings attached. [/QUOTE]
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