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Brown Cafe UPS Forum
UPS Union Issues
Lack of Media Coverage
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<blockquote data-quote="Brownslave688" data-source="post: 3772458" data-attributes="member: 34439"><p>On that topic lol</p><p></p><p></p><p>Illinois is trying so hard to fix their pensions and people are flipping out the gravy train is stopping. Used to teachers got a 12% raise their last 2 years so their pension payout was equal to what they made 2 years prior. Basically no cut in retirement pay. They also get a 3% raise every year in their pensions. </p><p></p><p></p><p>About 6 years ago they capped raises at 6%. So you had to give 4 years notice that you were retiring to get the raises for a "full" pension. </p><p></p><p>They just passed a law now that raises are capped at 3%. Teachers are livid. Do I agree with the cap? No but they put themselves in this position by abusing the system.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 3772458, member: 34439"] On that topic lol Illinois is trying so hard to fix their pensions and people are flipping out the gravy train is stopping. Used to teachers got a 12% raise their last 2 years so their pension payout was equal to what they made 2 years prior. Basically no cut in retirement pay. They also get a 3% raise every year in their pensions. About 6 years ago they capped raises at 6%. So you had to give 4 years notice that you were retiring to get the raises for a "full" pension. They just passed a law now that raises are capped at 3%. Teachers are livid. Do I agree with the cap? No but they put themselves in this position by abusing the system. [/QUOTE]
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