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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="wwarner11" data-source="post: 219125" data-attributes="member: 10667"><p><span style="font-family: 'Arial'"><span style="font-size: 10px">With all due respect, UPS is not a easy employer. If in the future you should decide to change jobs and you have a UPS pension and that is it, your out of luck.Your local union will not be able to help you because you are no longer in the Teamster plan, rather you are under the UPS plan and this would not contribute towards to your pension because UPS is no longer with your locals pension plan. However if you belong to a multi fund you do continue being protected. Remember once they have your pension then they own you. Production levels will increase.</span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px">20 stops a hour will now be 25 stops a hour and this is just the beginning. beware of this nonsense, it will bite you in the ass in the end.Remember UPS is willing to spend billions to withdraw from these funds. I ask you, what protection do you have after you give up your pension. And why would UPS be willing to spend all of this money?</span></span></p><p><span style="font-family: 'Arial'"><span style="font-size: 10px"></span></span></p></blockquote><p></p>
[QUOTE="wwarner11, post: 219125, member: 10667"] [FONT=Arial][SIZE=2]With all due respect, UPS is not a easy employer. If in the future you should decide to change jobs and you have a UPS pension and that is it, your out of luck.Your local union will not be able to help you because you are no longer in the Teamster plan, rather you are under the UPS plan and this would not contribute towards to your pension because UPS is no longer with your locals pension plan. However if you belong to a multi fund you do continue being protected. Remember once they have your pension then they own you. Production levels will increase. 20 stops a hour will now be 25 stops a hour and this is just the beginning. beware of this nonsense, it will bite you in the ass in the end.Remember UPS is willing to spend billions to withdraw from these funds. I ask you, what protection do you have after you give up your pension. And why would UPS be willing to spend all of this money? [/SIZE][/FONT] [/QUOTE]
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Is Central States pension fund ready to go under?
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