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Brown Cafe UPS Forum
UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="trickpony1" data-source="post: 52910"><p>Look a little further down the road. </p><p>Current rumor is we hourlies will take a two year wage freeze so UPS can get the 4 billion dollar buy out of the pension....thus the reference to "...save their (UPS) ass". </p><p>If this occurs, at some point in the future, UPS will have so much money in the fund that it will perpetuate just from the interest earned and they can stop throwing money at CS and spend it on something wiser....thus the reference to "...save their (UPS) ass. </p><p>Both of these are wise business decisions in my opinion. This could be a win-win situation that would further strengthen the company. But there is still that tiny bit of mistrust of the company.....</p></blockquote><p></p>
[QUOTE="trickpony1, post: 52910"] Look a little further down the road. Current rumor is we hourlies will take a two year wage freeze so UPS can get the 4 billion dollar buy out of the pension....thus the reference to "...save their (UPS) ass". If this occurs, at some point in the future, UPS will have so much money in the fund that it will perpetuate just from the interest earned and they can stop throwing money at CS and spend it on something wiser....thus the reference to "...save their (UPS) ass. Both of these are wise business decisions in my opinion. This could be a win-win situation that would further strengthen the company. But there is still that tiny bit of mistrust of the company..... [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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