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Brown Cafe UPS Forum
UPS Retirement Topics
local 804 pension problems
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<blockquote data-quote="Channahon" data-source="post: 165077" data-attributes="member: 7666"><p>Doesn't the contract guarantee a 40 hour work week for full time employees? Don't drivers have the right to request 8 hours only and grieve over 9.5, if they feel they are overworked? I think everyone has to take the approach that you have to take control of your finances. After working for 38 years - 27 at UPS and 11 before that, I never gave much thought that social security would be an issue. So I did what most financial planners will tell you to do - IRA's and 401K's. This is the money I am relying on to supplement my retirement income. If you owned a business with teamster employees and contributed to their pensions over the years, saw the cutbacks in benefits and pensions, would you increase your contribution per employee? Wasn't UPS trying to work with the teamsters to jointly administer the pensions, to ensure UPS contributions went to UPS employees? Oh wait, that was a STRIKE issue in 97.And Ron Carey's last hurrah to bring UPS to their knees? And the $55 per employee who walked the picket line, I think there might have been some backpay due to some employees. Don't count on anyone but yourself for your financial future - Teamster or Management.</p></blockquote><p></p>
[QUOTE="Channahon, post: 165077, member: 7666"] Doesn't the contract guarantee a 40 hour work week for full time employees? Don't drivers have the right to request 8 hours only and grieve over 9.5, if they feel they are overworked? I think everyone has to take the approach that you have to take control of your finances. After working for 38 years - 27 at UPS and 11 before that, I never gave much thought that social security would be an issue. So I did what most financial planners will tell you to do - IRA's and 401K's. This is the money I am relying on to supplement my retirement income. If you owned a business with teamster employees and contributed to their pensions over the years, saw the cutbacks in benefits and pensions, would you increase your contribution per employee? Wasn't UPS trying to work with the teamsters to jointly administer the pensions, to ensure UPS contributions went to UPS employees? Oh wait, that was a STRIKE issue in 97.And Ron Carey's last hurrah to bring UPS to their knees? And the $55 per employee who walked the picket line, I think there might have been some backpay due to some employees. Don't count on anyone but yourself for your financial future - Teamster or Management. [/QUOTE]
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