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Brown Cafe UPS Forum
The Latest UPS Headlines
Greensboro UPS driver leads new labor effort
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<blockquote data-quote="nospinzone" data-source="post: 226441" data-attributes="member: 1335"><p>This concept has been discussed extensively in other threads within the UPS Labor section. I agree with you. Diversification of investments decreases your risks. However Teamsters must be held accountable for providing a good return on our pension investment with them. I expect them to perform just as I expect my 401K manager to perform. As we all know, most of the IBT funds aren't doing that. Central States, the New York local funds, New England funds, Central Pennsylvania Teamsters...are all under between 50-75% funded and cutting benefits. How long do we give the Teamsters a free pass? How long would you give your private money manager a free pass? Why should I let them get away with a poor return on the $200 per week that I pay into their pension funds? Thats just as much my money as the contributions i make into my private 401K. </p><p></p><p><a href="http://www.ifebp.org/pdf/moodysmethodology.pdf" target="_blank"><span style="color: Red">Summary of Multiemployer Pension Funding Status</span></a></p><p>pg 14-15</p></blockquote><p></p>
[QUOTE="nospinzone, post: 226441, member: 1335"] This concept has been discussed extensively in other threads within the UPS Labor section. I agree with you. Diversification of investments decreases your risks. However Teamsters must be held accountable for providing a good return on our pension investment with them. I expect them to perform just as I expect my 401K manager to perform. As we all know, most of the IBT funds aren't doing that. Central States, the New York local funds, New England funds, Central Pennsylvania Teamsters...are all under between 50-75% funded and cutting benefits. How long do we give the Teamsters a free pass? How long would you give your private money manager a free pass? Why should I let them get away with a poor return on the $200 per week that I pay into their pension funds? Thats just as much my money as the contributions i make into my private 401K. [URL="http://www.ifebp.org/pdf/moodysmethodology.pdf"][COLOR="Red"]Summary of Multiemployer Pension Funding Status[/COLOR][/URL] pg 14-15 [/QUOTE]
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Greensboro UPS driver leads new labor effort
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