Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Cezanne" data-source="post: 178942" data-attributes="member: 5104"><p>Let us get out the whole story if the Central States fund goes into the tank. AWPA indicated that it would have to get it's hands on the teamster controlled pension plans to provided their pie in the sky benefit. What happens if they are successful and UPS withdraws it's financial requirement. It will for sure go under and be taken over by the feds, the payout is only 1,000 dollars per retiree under the pension insurance. So all you guys with 20+ years are basically going to start over again under their so called plan, so good luck with working at UPS for 50 years because that is what it is going to take for you to afford to retire. </p><p> </p><p>There is a positive spin on this, it is that these attorneys who started this so called union see something on the horizon. If there was not money to be made why would they bother. Is it possible that this underfunding will correct itself in the future.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 178942, member: 5104"] Let us get out the whole story if the Central States fund goes into the tank. AWPA indicated that it would have to get it's hands on the teamster controlled pension plans to provided their pie in the sky benefit. What happens if they are successful and UPS withdraws it's financial requirement. It will for sure go under and be taken over by the feds, the payout is only 1,000 dollars per retiree under the pension insurance. So all you guys with 20+ years are basically going to start over again under their so called plan, so good luck with working at UPS for 50 years because that is what it is going to take for you to afford to retire. There is a positive spin on this, it is that these attorneys who started this so called union see something on the horizon. If there was not money to be made why would they bother. Is it possible that this underfunding will correct itself in the future. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
Top