I A M penison out of money

[Brown287]

100% agree-----private pensions should not be bailed out nor should the Union consider merging all of our pensions like some sort of Teamster socialism.

By the way....I know you’ve been out of the loop for a bit but we do have variations of market based wages. It’s called MRA. The final step will be full timers. Only a matter of time. The market gets what the market needs.

 

[UpstateNYUPSer(Ret)]

By the way....i know you’ve been out of the loop for a bit but we do you variations of market based wages. It’s called MRA. The final step will be full timers. Only a matter of time. The market gets what the market needs.

Are the MRA's added to the wage or are they paid as a bonus, which would effectively be the same thiung?

 

[542thruNthru]

Are the MRA's added to the wage or are they paid as a bonus, which would effectively be the same thiung?

Both are happening.

 

[Brown287]

Are the MRA's added to the wage or are they paid as a bonus, which would effectively be the same thiung?

It’s a higher hourly wage.

 

[detmaintainer]

I know this about the IAM.

1.They had us vote months early on the contract because the pension being in the red zone was going to be announced and they would have a hard time getting it passed once the members were aware of that.

2. Our local had $20,000 dollars stolen by an office manager right under the noses of the President and Treasurer of our local.

3. The office manager is the wife of one of the Union Vice Presidents.

4. The IAM is as bad as the Teamsters.

Also that Butch Lewis act is a joke. It will lend money to entities [Pension Funds] that aren't solvent now and are just going to get worse in the future.
Like they said in the 2008 Bankruptcy days, someone is going to take a haircut. Also it may not be fair to people that are expecting those pensions but it is even more unfair to make people that don't have and never will have pensions to pay through taxes and revenue shifts to rescue someone else's pension.

 

[Jones]

30 years of labor when most men live to be at least 75 years old.

If you retire at 60 that's 15 years. I don't see what's so unreasonable about expecting a comfortable 15 year-long retirement after working 30 years for a Fortune 500 company and paying into a pension fund and social security the whole way. You sound like some corporate shill trying to tell people that after spending the best years of their lives working at a physical job for a multi-billion dollar company they should count themselves lucky if they get more than a pittance.

 

[rod]

By the way....I know you’ve been out of the loop for a bit but we do have variations of market based wages. It’s called MRA. The final step will be full timers. Only a matter of time. The market gets what the market needs.

We all agree @UpstateNYUPSer should move on

 

[IVE GOTTA PACKAGE 4U]

We all agree @UpstateNYUPSer should move on

Retired people shouldn't speak about UPS issues?

 

[IVE GOTTA PACKAGE 4U]

If you retire at 60 that's 15 years. I don't see what's so unreasonable about expecting a comfortable 15 year-long retirement after working 30 years for a Fortune 500 company and paying into a pension fund and social security the whole way. You sound like some corporate shill trying to tell people that after spending the best years of their lives working at a physical job for a multi-billion dollar company they should count themselves lucky if they get more than a pittance.

Should the company be in the hook like the Central states plans for companies that no longer exist but people are collecting from the plan?

 

[UnconTROLLed]

I know this about the IAM.

1.They had us vote months early on the contract because the pension being in the red zone was going to be announced and they would have a hard time getting it passed once the members were aware of that.

2. Our local had $20,000 dollars stolen by an office manager right under the noses of the President and Treasurer of our local.

3. The office manager is the wife of one of the Union Vice Presidents.

4. The IAM is as bad as the Teamsters..

It's a family business, too..

 

[rod]

Pension bailouts? Uh.....nope!

Private pensions -probably not-- BUT a pension like Central States that was basically taken over by the government in 1985 and was under their watch while it went tits-up should be bailed out. You are saying they can bail out banks, automobile manufactures and BIG financial institutions but a puny $3k a month pension that is benefiting a few old geezers who haven't died yet who retired before 2008 is a no no?

 

[IVE GOTTA PACKAGE 4U]

Private pensions -probably not-- BUT a pension like Central States that was basically taken over by the government in 1985 and was under their watch while it went tits-up should be bailed out. You are saying they can bail out banks, automobile manufactures and BIG financial institutions but a puny $3k a month pension that is benefiting a few old geezers who haven't died yet who retired before 2008 is a no no?

Many if the government pension plans aren't in good shape either


State Pensions Plans Are In Bad Shape But Reforms Can Help

 

[rod]

Retired people shouldn't speak about UPS issues?

If they are on record saying that exact thing..

 

[rod]

Many if the government pension plans aren't in good shape either


State Pensions Plans Are In Bad Shape But Reforms Can Help

I can only argue for my own pension. Its a tough world out there. The squeeky wheel gets the grease you know.

 

[IVE GOTTA PACKAGE 4U]

I can only argue for my own pension. Its a tough world out there. The squeeky wheel gets the grease you know.

My fund isn't in great shape either

 

[rod]

My fund isn't in great shape either

I will be the first to agree that pensions are a dying breed but I will fight to the end to get every
cent I can out of mine. After all- it was one of the few things that was held out like a carrot on a stick to get people to hang around for 30 years and put up with their BS.

 

[IVE GOTTA PACKAGE 4U]

I will be the first to agree that pensions are a dying breed but I will fight to the end to get every
cent I can out of mine. After all- it was one of the few things that was held out like a carrot on a stick to get people to hang around for 30 years and put up with their BS.

Unfortunately you can do all of the right things and get screwed

 

[burrheadd]

If you retire at 60 that's 15 years. I don't see what's so unreasonable about expecting a comfortable 15 year-long retirement after working 30 years for a Fortune 500 company and paying into a pension fund and social security the whole way. You sound like some corporate shill trying to tell people that after spending the best years of their lives working at a physical job for a multi-billion dollar company they should count themselves lucky if they get more than a pittance.

isn’t he the guy that’s worked at UPS for
40 years and can’t let go

 

[UpstateNYUPSer(Ret)]

Also that Butch Lewis act is a joke. It will lend money to entities [Pension Funds] that aren't solvent now and are just going to get worse in the future.

Actually, the Butch Lewis Act makes sense. Pension funds such as mine would be offered 30 year loans at extremely low interest rates with the first five years' payments interest only.

Our pension fund, which was in critical status, has been slowly improving since they made the 18%/29% cuts (actives/retirees) in 2017. This coupled with the BLA loans should get us back to where we need to be.

 

[burrheadd]

Scratch?

no