Ya that's a good point. I'm a younger driver and don't see the pension for ups existing in 10 years.
Do you donate to drive?
- Thread starter Imabear
- Start date
burrheadd
KING Of GIFS
What makes you think they won’t negotiate
burrheadd
KING Of GIFS
Why not UPS made billions last year why not share the wealth
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It will become too expensive to maintain. Plus, why was there a 2nd tier wage scale created for drivers then? The company is trimming its expenses as much as possible and I don't see the pensions lasting more than 10 years if that.
They will if we vote to strike.
Thebrownblob
Well-Known Member
Explain to me the process of “getting rid of pensions” because I am pretty sure you don’t understand what you’re saying.
burrheadd
KING Of GIFS
You got no idea what your rambling about
Educate yourself
I'm saying that at a certain point the company will decide it will no longer support pensions. Whichever employees have accumulated the number of work years to have the minimum pension amount or more will receive them or be encouraged to be bought out in a lump sum. Those who do not will not get one. Plus, the company has to have enough money in the fund to even distribute the pensions in the first place. If it doesn't, even if a driver has a minimum of 20 years, they would get nothing.
I do. Do you really believe us drivers are going to continue to see increases in our pay over the next 1-3 contracts?
Thebrownblob
Well-Known Member
Did you know that even after spending billions to “get out” of central states they were still on the hook for billions of unfunded liabilities There is no getting out of pensions. Unless of course you go bankrupt
burrheadd
KING Of GIFS
Absolutely
Why wouldn’t they
Thebrownblob
Well-Known Member
Does UPS not raise rates every year why does he believe we won’t get raises? Some of the people have absolutely no idea how negotiations work
Thebrownblob
Well-Known Member
That is also incorrect your pension is never worth “nothing” it could be worth less but not nothing.
Home Page | Pension Benefit Guaranty Corporation
burrheadd
KING Of GIFS
He over heard the
house lawyer at his center talking about it
Thebrownblob
Well-Known Member
Absolutely no idea how this works nor what they’re entitled toHe over heard the
Thebrownblob
Well-Known Member
And the crazy thing is we just witnessed the pension guarantee work for us and people still don’t understand it
All I'm saying is that in 10-30 years there's no guarantee the pension will exist for those who have to work for another 25-30 years even if they work 20-35 years for ups. You don't know what can happen in that time.
Thebrownblob
Well-Known Member
So when it comes to the working class people believe we’re not entitled to raises we’re not entitled to any sort of retirement guarantee even though we were promised through pensions and Social Security. But when giant corporations giant banks, and Wall Street fat cats get bailed out by the government no one thinks twice about it.
The working class has a serious self image problem with there're self
The working class has a serious self image problem with there're self
Thebrownblob
Well-Known Member
And I asked you how that could happen and you have not answered it. UPS would not get to decide that.
Why could it not happen. If ups were to be sold, goes bankrupt, doesn't have sufficient monies in its pension fund. I hope it doesn't but in today's world you never know.
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