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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Cezanne" data-source="post: 237961" data-attributes="member: 5104"><p>I clearly get where you are going on this, truth is that speculation and heresay is all we are going to get with nut and bolts of the current negotiations. Liability is a BIG issue with both sides, I still remember that when Central States brought it to our attention that they were going to cut benefts they issued orders for the local officials not to talk to their members who had questions and issued a 1-800 number instead. Like you have stated before most of us are novices and do not have the time or expertise to act on any ERISA law violations, if you have been seriously looking into this matter over the years there is a time and place for professional advice and you are not going to get it on this site no matter how well intended. My attitude is to wait and see what comes down the pike with this withdraw liability and newly created co-sponsored pension plan, but I have to admit that I am very eager to see the light at the end of the tunnel or ALL of us in the Central </p><p>States area. The very prospect of us at UPS working till 62 without something going south medically and not being able to collect a full pension is down right depressing, the attrition factor would be considerable. </p><p> </p><p>You may consider patience with most of the members who post here, I have been skimming and collecting any documentation relating to violations of ERISA law, contract agreements, written responses to inquiries from myself and others for a number of years. It is a learning experience and very difficult to understand the ends and outs of ERISA law. I personally can see why I never had the ambition to become an attorney, legal script is beyond my mental capabilites, like reading sandscript to me, I am bored just reading the simple union contract lanuage. Bottom line on this is when it is time for a professional for any of us on any legal matters, do not hesitate saves alot of hurt.<img src="/community/styles/default/xenforo/smilies/group1/thumbup1.gif" class="smilie" loading="lazy" alt=":thumbup1:" title="Thumbup1 :thumbup1:" data-shortname=":thumbup1:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 237961, member: 5104"] I clearly get where you are going on this, truth is that speculation and heresay is all we are going to get with nut and bolts of the current negotiations. Liability is a BIG issue with both sides, I still remember that when Central States brought it to our attention that they were going to cut benefts they issued orders for the local officials not to talk to their members who had questions and issued a 1-800 number instead. Like you have stated before most of us are novices and do not have the time or expertise to act on any ERISA law violations, if you have been seriously looking into this matter over the years there is a time and place for professional advice and you are not going to get it on this site no matter how well intended. My attitude is to wait and see what comes down the pike with this withdraw liability and newly created co-sponsored pension plan, but I have to admit that I am very eager to see the light at the end of the tunnel or ALL of us in the Central States area. The very prospect of us at UPS working till 62 without something going south medically and not being able to collect a full pension is down right depressing, the attrition factor would be considerable. You may consider patience with most of the members who post here, I have been skimming and collecting any documentation relating to violations of ERISA law, contract agreements, written responses to inquiries from myself and others for a number of years. It is a learning experience and very difficult to understand the ends and outs of ERISA law. I personally can see why I never had the ambition to become an attorney, legal script is beyond my mental capabilites, like reading sandscript to me, I am bored just reading the simple union contract lanuage. Bottom line on this is when it is time for a professional for any of us on any legal matters, do not hesitate saves alot of hurt.:thumbup1: [/QUOTE]
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