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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: 52972"><p>Picture this. </p><p>If UPS no longer throws money at CS that is used to pay other companie's retirees, at some point UPS will have its own fund that is so full of money that it will, once again, perpetuate itself solely on the interest earned. Then UPS can spend the money it had been throwing at CS for growing UPS. </p><p>Moral of the story? We lowly hourlies that are tearing our bodies up to make the company money get a decent retirement (proposed $7000) and UPS can spend the previously wasted money to their benefit. This isn't rocket science. It's a win-win situation.</p></blockquote><p></p>
[QUOTE="trickpony1, post: 52972"] Picture this. If UPS no longer throws money at CS that is used to pay other companie's retirees, at some point UPS will have its own fund that is so full of money that it will, once again, perpetuate itself solely on the interest earned. Then UPS can spend the money it had been throwing at CS for growing UPS. Moral of the story? We lowly hourlies that are tearing our bodies up to make the company money get a decent retirement (proposed $7000) and UPS can spend the previously wasted money to their benefit. This isn't rocket science. It's a win-win situation. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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