Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management Buyout Rumors
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="upsdawg" data-source="post: 140783" data-attributes="member: 2020"><p>I think the changes will be in the retirement of the non-union people--probably in conjunction with raising the age to retire and instead of a Defined Benefit Retirement, I have heard of a higher 401k match and let the employee decide where their 401K $$ will be invested.....S&P 500 (Stock)...Mutual Funds.</p><p>I see this as a first step in getting the Union side away from a Teamsters pension plan where UPS or the the UPS Teamster has no control of any of their monies.Freeze the current Teamster Plan and than offer the union side a 401k match (like Overnite had in lieu of a retirement plan).Very interesting proposal------makes sense---how much longer can UPS afford to bankroll the entire Teamster pension Plan---even those Retired Teamsters that never worked a day for UPS---because UPS is one of the only companies left paying into the plan, non-UPSers are benefiting?????</p></blockquote><p></p>
[QUOTE="upsdawg, post: 140783, member: 2020"] I think the changes will be in the retirement of the non-union people--probably in conjunction with raising the age to retire and instead of a Defined Benefit Retirement, I have heard of a higher 401k match and let the employee decide where their 401K $$ will be invested.....S&P 500 (Stock)...Mutual Funds. I see this as a first step in getting the Union side away from a Teamsters pension plan where UPS or the the UPS Teamster has no control of any of their monies.Freeze the current Teamster Plan and than offer the union side a 401k match (like Overnite had in lieu of a retirement plan).Very interesting proposal------makes sense---how much longer can UPS afford to bankroll the entire Teamster pension Plan---even those Retired Teamsters that never worked a day for UPS---because UPS is one of the only companies left paying into the plan, non-UPSers are benefiting????? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
Management Buyout Rumors
Top