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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="teddyr" data-source="post: 53041"><p>A wage freeze is essential not only for buying out the pension but for future growth of the company as well. UPS has become a high dollar mediocre pkg svc. I have lunch with the FagEx guy periodically, and he leaked to me that next contract they will be going for the throat. The multi-employer pension is a serious drain on the Co. and employees. Do the teamsters care? I think not! As long as they collect dues from all teamsters across the board and get their paychecks thats all that matters. With 0.1 domestic growth all this pension talk could be irrelevant in 10 years. The key is to educate all upsers in what is at stake, as we know, ignorance is rampant at UPS.</p></blockquote><p></p>
[QUOTE="teddyr, post: 53041"] A wage freeze is essential not only for buying out the pension but for future growth of the company as well. UPS has become a high dollar mediocre pkg svc. I have lunch with the FagEx guy periodically, and he leaked to me that next contract they will be going for the throat. The multi-employer pension is a serious drain on the Co. and employees. Do the teamsters care? I think not! As long as they collect dues from all teamsters across the board and get their paychecks thats all that matters. With 0.1 domestic growth all this pension talk could be irrelevant in 10 years. The key is to educate all upsers in what is at stake, as we know, ignorance is rampant at UPS. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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