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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: 235287" data-attributes="member: 5483"><p>Red, answer this question. On August 1, 2007, If UPS just contributed an additional $28 per week per employee into the pension fund, then why didn't we receive an increase in our pensions? UPS now contributes over $20,000 per year for each of us towards our benefits, but we continue to take cuts. Does this make any sense to you? With this amount of money that UPS puts in, we should be getting top notch benefits, but instead we receive second or third rate benefits. I know that you are being taken care of, because you have a better plan than the rest of us, but if we all work for the same company, shouldn't all of us get the same benefits as you. It shouldn't matter if someone works in Florida, New York or California. The point is that we should all receive the same package.</p></blockquote><p></p>
[QUOTE="Bill, post: 235287, member: 5483"] Red, answer this question. On August 1, 2007, If UPS just contributed an additional $28 per week per employee into the pension fund, then why didn't we receive an increase in our pensions? UPS now contributes over $20,000 per year for each of us towards our benefits, but we continue to take cuts. Does this make any sense to you? With this amount of money that UPS puts in, we should be getting top notch benefits, but instead we receive second or third rate benefits. I know that you are being taken care of, because you have a better plan than the rest of us, but if we all work for the same company, shouldn't all of us get the same benefits as you. It shouldn't matter if someone works in Florida, New York or California. The point is that we should all receive the same package. [/QUOTE]
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Is Central States pension fund ready to go under?
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