Olympic dead cat toss?
I A M penison out of money
- Thread starter wrench22
- Start date
DriveInDriveOut
Inordinately Right
40 hours a week is like what, 80k?
A pension that pays 75% of salary isn't too shabby.
PT Car Washer
Well-Known Member
No I agree you should have a comfortable retirement if you will also agree employees working for McDonalds and Walmart do also. Most people realize that $5000/month private pension is not sustainable.
Anybody who spends their life working fulltime for a billion dollar corporation should reasonably expect a decent retirement plan. Our pension plan has been paying out over $5000/month at 30 years for over 20 years now and is still fully funded. This idea that a decent pension is somehow "not sustainable" is nonsense, a pension is like any other financial instrument in that it requires good management.
The company agreed to those terms, whether or not you or I think it's a good idea is irrelevant.
I understand that but it's like throwing cups of water on a burning house.
Some things cannot be fixed
The company addressed that by buying out its obligation, so they did have that option.
I've never said the company didn't pay their fair share on rh CS plan.
But unfortunately too many other multi employer plans are in the same shape and UPS can't bail them out.
On the other hand they knew about these problems for years and did nothing about it.
Pension funds, in general, need to be managed better, I'll certainly agree to that. But everyone points at Central States and goes "See, pensions don't work!". There are plenty of pension funds that are working just fine, it all comes down to planning and fund management.
It's not all about management
Many funds are paying out to people who no longer have an employer to make contributions
That's why I said planning and fund management. Companies going out of business is obviously a contingency that you have to plan for.
Some things you can't plan
I know you're a last word guy, so I'll let it go at that.
Life isn't always fair my friend.
Sometimes you gotta take a little responsibility for yourself
zubenelgenubi
I'm a star
As long as mcdonalds and walmart pay into the pension on their behalf. I guess those guys should unionize and have someone negotiate these things for them.
The decline of the middle class in this country has happened in lockstep with the decline in union membership. But I'm sure that's just a coincidence..
zubenelgenubi
I'm a star
Been talking with the union hall about strategies for organizing more local businesses. We need to do a major PR overhaul.
And after this sell out contract what can we offer someone else?
zubenelgenubi
I'm a star
Most people outside UPS don't have any clue about our issues concerning the contract. When the general public thinks about unions, however, the first thought that comes to mind is likely "corruption".
If we started to focus on what we can control on the local level, and build ourselves up through helping more workers in our area, we would stand a better chance of being able to influence what happens at the national level. We can't let the bad behavior of union officials stand in the way of the mission.
This last meeting was the first time I heard of new organization efforts.
We need to get rid of Hoffa
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