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Brown Cafe UPS Forum
UPS Retirement Topics
Monthly pension
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<blockquote data-quote="realbrown1" data-source="post: 1681041" data-attributes="member: 46221"><p>You all know that pensions are Ponzi schemes.</p><p></p><p>Anything that relies on current member's contributions and returns on investments at a certain level to give a promised monthly pension is alway (eventually) destined to fail.</p><p></p><p>Don't believe me?</p><p></p><p>If UPS refuses to negotiate to contribute towards pension funds next contract, and Hoffa's there to IMPOSE the contract on upstart locals, that would COLAPSE every Teamster Pension fund with in 5 years.</p><p></p><p>Benefits would be drastically cut in EVERY Teamster Pension fund that Upsers are in.</p></blockquote><p></p>
[QUOTE="realbrown1, post: 1681041, member: 46221"] You all know that pensions are Ponzi schemes. Anything that relies on current member's contributions and returns on investments at a certain level to give a promised monthly pension is alway (eventually) destined to fail. Don't believe me? If UPS refuses to negotiate to contribute towards pension funds next contract, and Hoffa's there to IMPOSE the contract on upstart locals, that would COLAPSE every Teamster Pension fund with in 5 years. Benefits would be drastically cut in EVERY Teamster Pension fund that Upsers are in. [/QUOTE]
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