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Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Bill" data-source="post: 179000" data-attributes="member: 5483"><p>Once again, people like yourself just make statements that have no meaning. When the APWA takes over, they will receive a portion of the pension money in Central States. Remember that not all of the money in CS belong to the workers of UPS. There are other companies that contribute as well. I will gladly give up the lousy pension I have now, because in a few years there will be nothing to give up! (or very little) One more bad year from investments in the stock market such as was the case in 2002, and this fund will collapse.</p><p>You asked me a question if UPS will support a new pension for UPS employees only. Then you answer your own question. I disagree with you on that point. UPS will bargain with whoever represents the employees. As for experience, the Teamsters may have more years under their belt, but the way they keep selling out the UPS employees, I don't want them negotiating another contract for me. Would you like me to list the number of times they sold us out?</p></blockquote><p></p>
[QUOTE="Bill, post: 179000, member: 5483"] Once again, people like yourself just make statements that have no meaning. When the APWA takes over, they will receive a portion of the pension money in Central States. Remember that not all of the money in CS belong to the workers of UPS. There are other companies that contribute as well. I will gladly give up the lousy pension I have now, because in a few years there will be nothing to give up! (or very little) One more bad year from investments in the stock market such as was the case in 2002, and this fund will collapse. You asked me a question if UPS will support a new pension for UPS employees only. Then you answer your own question. I disagree with you on that point. UPS will bargain with whoever represents the employees. As for experience, the Teamsters may have more years under their belt, but the way they keep selling out the UPS employees, I don't want them negotiating another contract for me. Would you like me to list the number of times they sold us out? [/QUOTE]
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Is Central States pension fund ready to go under?
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