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Brown Cafe UPS Forum
UPS Union Issues
Local 952 wins again! Bye bye TDU!
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<blockquote data-quote="realbrown1" data-source="post: 2113830" data-attributes="member: 46221"><p>The CSPF retirees are going to take 60% to 70% pension cuts.</p><p></p><p>Current workers in CSPF will take cuts in their future pensions.</p><p></p><p>There may be more cuts later.</p><p></p><p>The fund is screwed.</p><p></p><p>Too bad we didn't have a GP who 15, 16 years ago didn't go to congress to change the rules that would have been allowed to make cuts to retiree pensions and lower the accrual rate for current workers.</p><p></p><p>Maybe those cuts would have been 10% to 15% not the 60% to 70% cuts we have today, which are DEVESTATING to the retirees.</p></blockquote><p></p>
[QUOTE="realbrown1, post: 2113830, member: 46221"] The CSPF retirees are going to take 60% to 70% pension cuts. Current workers in CSPF will take cuts in their future pensions. There may be more cuts later. The fund is screwed. Too bad we didn't have a GP who 15, 16 years ago didn't go to congress to change the rules that would have been allowed to make cuts to retiree pensions and lower the accrual rate for current workers. Maybe those cuts would have been 10% to 15% not the 60% to 70% cuts we have today, which are DEVESTATING to the retirees. [/QUOTE]
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Local 952 wins again! Bye bye TDU!
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