CSPF not going to resubmit cuts.

[tireknocker]

Looks like the fund will go broke now in 10-12 years. When this happens members will be put into the PGTF. Not good!!

 

[realbrown1]

Wow.

Something smells fishy here.

 

[Ghost in the Darkness]

How is that gonna work if UPS is on the hook for making up the difference?

 

[IVE GOTTA PACKAGE 4U]

You can thank our leader for not addressing this problem

Also don't forget to thank the lazy Pos who didn't vote at all.

Time to pump up that 401k

 

[beentheredonethat]

How is that gonna work if UPS is on the hook for making up the difference?

No one knows exactly what will happen. Assuming the pension fund does go insolvent in 10-12 years and they don't do anything to fix it in the meantime. There will be at least one or two contracts negotiated before then. Granted the last contract said UPS will make up shortfall. However, UPS will not want to be on the hook for billions. (Considering they already paid twice for the pension of Central State teamsters). That part will be negotiated away. Or at least attempted to be. How many people will vote to strike for something that doesn't benefit themselves and only other retired people? A 2 or 3 dollar raise to the PT'ers or a bonus will make them vote yes.

 

[IVE GOTTA PACKAGE 4U]

No one knows exactly what will happen. Assuming the pension fund does go insolvent in 10-12 years and they don't do anything to fix it in the meantime. There will be at least one or two contracts negotiated before then. Granted the last contract said UPS will make up shortfall. However, UPS will not want to be on the hook for billions. (Considering they already paid twice for the pension of Central State teamsters). That part will be negotiated away. Or at least attempted to be. How many people will vote to strike for something that doesn't benefit themselves and only other retired people? A 2 or 3 dollar raise to the PT'ers or a bonus will make them vote yes.

Nobody votes.

 

[PT Car Washer]

No one knows exactly what will happen. Assuming the pension fund does go insolvent in 10-12 years and they don't do anything to fix it in the meantime. There will be at least one or two contracts negotiated before then. Granted the last contract said UPS will make up shortfall. However, UPS will not want to be on the hook for billions. (Considering they already paid twice for the pension of Central State teamsters). That part will be negotiated away. Or at least attempted to be. How many people will vote to strike for something that doesn't benefit themselves and only other retired people? A 2 or 3 dollar raise to the PT'ers or a bonus will make them vote yes.

Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaurs.

 

[IVE GOTTA PACKAGE 4U]

Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaurs.

Take a nickel today and give up a dollar tomorrow

 

[Brownslave688]

Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaurs.

Well let's also not forget how many billions ups paid to get out of that plan.

I'm not saying just tell the old guys tough but I don't think lack of funds from ups is a problem with the central states pension.

 

[IVE GOTTA PACKAGE 4U]

Well let's also not forget how many billions ups paid to get out of that plan.

I'm not saying just tell the old guys tough but I don't think lack of funds from ups is a problem with the central states pension.

6 billion isn't chump change

 

[UpstateNYUPSer(Ret)]

Well let's also not forget how many billions ups paid to get out of that plan.

I'm not saying just tell the old guys tough but I don't think lack of funds from ups is a problem with the central states pension.

UPS more than held up their end of the bargain.

 

[tireknocker]

Could be talk of merging multi employer pensions into one big fund.

 

[UpstateNYUPSer(Ret)]

Could be talk of merging multi employer pensions into one big fund.

That would be grossly unfair for those outside of Central States.

 

[Catatonic]

Well let's also not forget how many billions ups paid to get out of that plan.

I'm not saying just tell the old guys tough but I don't think lack of funds from ups is a problem with the central states pension.

Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaurs.

It sucks to be a retired UPS Driver?

 

[burrheadd]

That would be grossly unfair for those outside of Central States.

Have you seen a proposal?
If not how would you know this?

 

[rod]

Government should bail it out. Being that they were put in charge of watching over it since 1982 when it was put under their watch it is nothing more than a government pension to begin with. Government pension= Government bail-out.

 

[Brownslave688]

Government should bail it out. Being that they were put in charge of watching over it since 1982 when it was put under their watch it is nothing more than a government pension to begin with. Government pension= Government bail-out.

With what money?

 

[Catatonic]

With what money?

Print some up!

 

[rod]

Print some up!

Why not---its done every day.

 

[Catatonic]

Why not---its done every day.

Yeah, that's it.
We'll tell Obama they are all black.
Oh yeah, that fat bitch didn't get Obama to pay off her mortgage ... or did he?