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Message: <blockquote data-quote="area43" data-source="post: 230422" data-attributes="member: 4862">This is my advice to the APWA. First, I believe that you would have alot more broad range of support nationally if you focused more on putting the weekly UPS contributions into a seperate account, strickly with that employee s name on it. So simple, huh. That account could be the 401k, Roth IRA or just a plan IRA. APWA supporters I honestly feel your pain and I dont say that lightly. If I was in your shoes, and again I said this before I would be extremely pissed to put it lightly. I have almost 20 years and all of it has been in a pkg car(also 2 1/2 yrs pt loader), no offense to the feeders, but to be honest to go 25 or 30 years in a pkg car is saying alot. I thought about feeders but it just dosen't interest me as of yet. We had one driver retired sometime ago, drove the downtown route for 25 years. Wow, that guy was totally messed up physically. I truly felt sorry for him. Anyhow, I got the run after him and left to another after 3 yrs. Im tuff, folks LOL So that goes to show how tuff that run was. OOps Rabbit trail. OK, The pension mess at CS. Folks I believe we have to go back to the basics so to speak. I know you all have heard of this before, their are only two things for sure in life death and tax's. Keep that in mind as I proceed. First, I feel that some think, My opinion of course that somehow we are intitled to a pension. Yes, I can hear the cries now. Don't base everything on the notion that UPS(who is the anchor in the CS plan) will always be in business(I hear more yells) or remain healthy. Remember the big negatives. Possible National Class action lawsuit on the lunch issue which could send stock prices and profit margins crashing to the floor, pending contract negotiations and pressing competition. Especially with todays world climate things don't look to cherrie. Terrorism, can totaly devastate an economy as we can see by 9/11. Gas prices are thru the roof. Just to name a couple. I don't want to sound dome and gloom folks, but lets be honest. I here from so many of you on this board that the way UPS is managing the centers, were on the sure road to destruction. Ok, keep that in mind. The CS plan is not run by the federal government, but it might just end up that way. Wall Street is taking a BEATING. Take a look at your 401k's and yes it's my money to lose. Unlike Social Security which is run by the government and they can just raise tax's or print more money hehe to take care of any short comings they have. CS is not blessed to have that option CS is like social security(short falls) in some respects.  Ok, reread what I just wrote. Folks the CS plan is in a CRISIS. I believe UPS is liable to pay at least half of what the asking buy out is. Why? I might be wrong but is the pension jointly ran. Maybe it differs from fund to fund. Just so many of those darn things. Confusing at times. Kind of like the tax code. So the blame for its failure can be shared. I believe I might be wrong on this(the sharing part) due to the fact in Va Joint council 83 runs our pension and health care with no company involvement. This is what needs to be done. Again, Crisis mode. Money that is now in the fund should be pulled out and each UPS employee should be given his fair share,plus maybe a 4% to 6% on top of that for interest per say deposited in a personal fund or account of his choice. This would be based on years of service and contributions made on his behalf by the company(UPS). What's fair is fair folks. Remember, Crisis and world climate uncertiany and you just might not live past tomorrow. Now! Cut out the middle man. The weekly UPS pension checks will start pouring in now combined with lets say your 401k you should have a healthy nest egg with in no time, even if you go with a very conservative investing plan. Excited!! yet. Folks the more hands the pension money passes through the less your going to get. Don't even trust the APWA, when ever there's a human element involved the chance for corruption exist(ex. crazy admin fees 65 million would be terminated). The best one to trust your money with is YOU. ( : This option is surely better than what you have now. Just think, most of us don't even consider us to get no social security(which is supposed to be a sure thing u know taxed funded and all) when we retire. Don't you wish the government would let us control or own retirement and let us just keep those so called tax S.S. donations to ourselves. I feel the CS plan is in the same boat. Power grab over the little guy. Isn't the Teamsters all about giving power back to the little guy, the common laborer. The Teamsters in my opinion is acting like a BIG Corporate GREEDY Giant. Sorry folks I might be over my word limit on post. I will proceed to the next post.</blockquote>

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