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
The Competition
FedEx Discussions
FedEx 'Modernizing' Pension Plan
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="upsdawg" data-source="post: 172355" data-attributes="member: 2020"><p>Yo Scratch---you are absolutely correct---and it is a smart move for FedEx to try to keep the Teamsters out.If the FedEx employees are happy with the 401k matching funds--WHY BRING IN THE TEAMSTERS ?? To have them be in control of the pension plan--I think not!!</p><p></p><p>UPS will be offering the same thing in the next contract------UPS can no longer afford to pay into the multi employer plan and pay for all of the non-UPS Teamsters who worked for companies who are now defunct---and even though this is the best for UPS and it's employees--the TEamsters will fight it --THEY DON"T WAN'T TO LOSE CONTROL of the Pension $$$$$$$$$$$$$!!</p><p></p><p>As I remember back to 1997---UPS wanted to change the administration of the Pension Plan and control where the monies went and the Teamsters (since they had duped everyone and had to power to call astrike on it's members behalf) felt it was a strong enough issue to go on strike----Worst Mistake EVER!!!</p><p></p><p>Overnite had a 6-12% 401K match in lieu of a union pension--and the feedback on this board was that they preferred it--------so I defintiely see it in the next contract.</p></blockquote><p></p>
[QUOTE="upsdawg, post: 172355, member: 2020"] Yo Scratch---you are absolutely correct---and it is a smart move for FedEx to try to keep the Teamsters out.If the FedEx employees are happy with the 401k matching funds--WHY BRING IN THE TEAMSTERS ?? To have them be in control of the pension plan--I think not!! UPS will be offering the same thing in the next contract------UPS can no longer afford to pay into the multi employer plan and pay for all of the non-UPS Teamsters who worked for companies who are now defunct---and even though this is the best for UPS and it's employees--the TEamsters will fight it --THEY DON"T WAN'T TO LOSE CONTROL of the Pension $$$$$$$$$$$$$!! As I remember back to 1997---UPS wanted to change the administration of the Pension Plan and control where the monies went and the Teamsters (since they had duped everyone and had to power to call astrike on it's members behalf) felt it was a strong enough issue to go on strike----Worst Mistake EVER!!! Overnite had a 6-12% 401K match in lieu of a union pension--and the feedback on this board was that they preferred it--------so I defintiely see it in the next contract. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
FedEx 'Modernizing' Pension Plan
Top