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UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="ezrider" data-source="post: 52964"><p>Sawman, there's the rub. Wkmac and I may not agree on who earns what, but I would agree with him that if there is a pullout from the Taft-Hartley plans then the short-timers and retirees need to have guarantees also. If we stand by and watch the company disregard them, then we help set a precedent where the company could just as well disregard us down the line if they get the opportunity. That essentially is robbing Peter to pay Paul and we don't want another train wreck.</p><p></p><p>Some tidbits I picked up from the July 21st,2004 article from citypages.com were that 4500 companies contributed to CSPF. UPS's share was over 50% of the total amount contributed. That tells you how quickly it would capitulate if UPS pulls out altogether. The article also states that UPS has pressured the trustees of many plans to hold the line and even cut benefits until the plans can show sufficient funding levels.</p><p></p><p>Ok2bclever in another thread some time ago pointed out how the company passed the buck when it had come to I think healthcare insurance at a time when they could have backed up thier talk about being concerned about not having more control over our health and welfare and yet they testify on Capitol Hill that if only given the chance... (feel free to correct me if I'm mistaken on that Clever) </p><p></p><p>What I'm getting at here Sawman is that if the company is pulling strings behind some of the reductions of CSPF and others then just maybe they might try to set the stage to induce a panic by rank and file drivers to dump the Teamsters out of fear. Begging the management to take over the pension isn't going to get us any better deal in 2008. They know if we are scared of losing it all, that we might settle for 50 cents on the dollar for fear of having nothing.</p><p></p><p>Nobody is more dissapointed in the IBT than I am, but lets not make the mistake of being hoodwinked into doing the company's dirty work for them. If they want the Teamsters out badly enough, then we should be able to get a deal where past, present and maybe even future hourlies can keep all that they have sacrificed for.</p></blockquote><p></p>
[QUOTE="ezrider, post: 52964"] Sawman, there's the rub. Wkmac and I may not agree on who earns what, but I would agree with him that if there is a pullout from the Taft-Hartley plans then the short-timers and retirees need to have guarantees also. If we stand by and watch the company disregard them, then we help set a precedent where the company could just as well disregard us down the line if they get the opportunity. That essentially is robbing Peter to pay Paul and we don't want another train wreck. Some tidbits I picked up from the July 21st,2004 article from citypages.com were that 4500 companies contributed to CSPF. UPS's share was over 50% of the total amount contributed. That tells you how quickly it would capitulate if UPS pulls out altogether. The article also states that UPS has pressured the trustees of many plans to hold the line and even cut benefits until the plans can show sufficient funding levels. Ok2bclever in another thread some time ago pointed out how the company passed the buck when it had come to I think healthcare insurance at a time when they could have backed up thier talk about being concerned about not having more control over our health and welfare and yet they testify on Capitol Hill that if only given the chance... (feel free to correct me if I'm mistaken on that Clever) What I'm getting at here Sawman is that if the company is pulling strings behind some of the reductions of CSPF and others then just maybe they might try to set the stage to induce a panic by rank and file drivers to dump the Teamsters out of fear. Begging the management to take over the pension isn't going to get us any better deal in 2008. They know if we are scared of losing it all, that we might settle for 50 cents on the dollar for fear of having nothing. Nobody is more dissapointed in the IBT than I am, but lets not make the mistake of being hoodwinked into doing the company's dirty work for them. If they want the Teamsters out badly enough, then we should be able to get a deal where past, present and maybe even future hourlies can keep all that they have sacrificed for. [/QUOTE]
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