Interesting Article About Teamsters Pension For All The Haters
- Thread starter Oldfart
- Start date
And yet still a bigger pension than you're getting, with much higher pay and much better benefits for decades to boot.
UpstateNYUPSer(Ret)
Well-Known Member
20% actives
31% retirees
Effective 7/1/17.
31% retirees
Effective 7/1/17.
Oldfart
Well-Known Member
Yep. And I am getting a much better pension and much higher pay than you. Irritates the heck out of you doesn't it.
Nope, my pension will go farther where I'm moving.
dezguy
Well-Known Member
Hmmm.... Didn't have to pay a dime into their retirement vs. having to fund your own retirement.
Would I be pissed about it? Yup, but in the end their pension is funded by the company while mine is self funded. Call me a hater all you want but I think most would agree, they're getting a better deal.
Would I be pissed about it? Yup, but in the end their pension is funded by the company while mine is self funded. Call me a hater all you want but I think most would agree, they're getting a better deal.
Oldfart
Well-Known Member
My pension is 100% funded by Fedex. BOTH of them.Hmmm.... Didn't have to pay a dime into their retirement vs. having to fund your own retirement.
Would I beabout it? Yup, but in the end their pension is funded by the company while mine is self funded. Call me a hater all you want but I think most would agree, they're getting a better deal.
MrFedEx
Engorged Member
A very selective piece chosen by a shill. I know several Teamster retirees who are at $5,500 per month. How does that compare to what FedEx offers?
Did you know our pilots are union? Besides being in the top 10 percent of pilot pay, they also get a very generous pension and medical much better than ours. None of them will discuss it with us, probably a condition written into the contract.
I have a close friend of 30 years who is an MD11 captain. Only his family and peers know what the benefits are. All he will say is that he is "very happy".
Evil union thugs.
UpstateNYUPSer(Ret)
Well-Known Member
We have diverted several of our split raises to shore up our failing pension.
Didn't work.
MAKAVELI
Well-Known Member
So what will your payments be after the cuts?
UpstateNYUPSer(Ret)
Well-Known Member
$4.4K/month. Nothing to sneeze at but I will be forced to switch from imported to domestic caviar.
MAKAVELI
Well-Known Member
Probably double what you will be getting oldfart. Not bad for a failing pension.$4.4K/month. Nothing to sneeze at but I will be forced to switch from imported to domestic caviar.
Goes to show you that pension plans are extremely vulnerable to unstable markets and can among other options can be liquidated.$4.4K/month. Nothing to sneeze at but I will be forced to switch from imported to domestic caviar.
UpstateNYUPSer(Ret)
Well-Known Member
Probably double what you will be getting oldfart. Not bad for a failing pension.
Failing is a bit over the top.
UPS pays roughly 76% of the total contributions per year to our pension fund. They pay close to $16/hr of which we get roughly $9/hr.
UpstateNYUPSer(Ret)
Well-Known Member
While we did get slammed in 2008, unstable markets are not the problem-----7K or so more retirees than actives is our biggest problem.
MrFedEx
Engorged Member
You have one pension, and one annuity. Perhaps someone can explain this to you in crayon so you can understand it. Your Traditional is worth only half what a Teamster UPS driver will receive for comparable service. It's easy for FedEx to fund one crappy pension and one piss-poor annuity because the dollar amounts are peanuts compared to UPS.
It's hard to have an intelligent conversation with someone who doesn't even know what the RLA is or able to comprehend it's impact. Further, why do you suppose Fred S has spent so much money to make sure we stay under the RLA?
I'm sure Fast Freddie wishes every employee was just like you...ignorant and thinking they have a "great deal".
Oldfart
Well-Known Member
I will take my $130k annuity and its 4% return and add it to the rest of my retirement plan.
It is hard to have an intelligent conversation with someone that hates life so bad that they would complain if a supermodel was servicing him because she had bad breath.
Moronic people can't comprehend that the Traditional that I was in had maxed out a coupe of years before the Portable was created. I might have gotten a few dollars more with by best 5 years growing but nowhere near the $130k I will have in a couple of years. The Portable was an excellent addition to the people in my shoes. You are just too ignorant in money matters to understand that. Please read a book about financial plans and maybe you will learn something. You can't read Mad Magazine your entire life.
olroadbeech
Happy Verified UPSer
I
It should be called the CORRUPTION Tax.
The same guys who gave up raises so they could have a bigger pension?
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