I suppose it depends on where you are at. Not where I am thank God. Who could imagine a PT pension being larger than a 30 year FT pension. All the experts said it was coming. I suppose now the retirees will want my tax dollars to bail them out.Are Part time under CS as well?
SouthernI suppose it depends on where you are at. Not where I am thank God. Who could imagine a PT pension being larger than a 30 year FT pension. All the experts said it was coming. I suppose now the retirees will want my tax dollars to bail them out.
And DONT forget about health care. We seen what this contract did to the retirees
Its always been that way. Give me a quarter and put a nickel in the pension fund. Instead of the other way around.
Always had thoughts like that.....Keep the benefits intact
For one thing, I'm NOT concerned about Central States. I'm not the OP. I've got my other plans and investments.
For another thing, yes, I DID retire under the UPS plan. That is, until I turned 65, then, only the amount of years that I worked at UPS once they paid into CS was paid, is paid by UPS. The rest is paid by CS now. So now, I get about $500 from UPS, the rest from CS.
AND, I see NOWHERE where UPS is going to guarantee the make-up difference. Oh, yes, I heard that when they first paid that $6 Bazillion, that if CS goes bellyup, then "We'll take care of our people". I've heard it over and over but ain't seen it in writing, yet.
If somebody CAN provide me with the exact words that UPS will make it up, I'll be happy to read it but, til then, I DON'T think I'm gonna take em at their word.
I got my letter today too. Didn't see anything mentioned about new plan. I, too, am waiting to see if things work out as promised.
Do we really need pay raises? Isn't $35-36/hr enough? Divert all future pay raises directly to our underfunded pensions.
I see nothing wrong with this except overtime doesn't go into the pension. We gave up a portion of our raises in 177 but the company reaps a windfall because they don't have to pay out the OT. I'd be more favorable if the amount from overtime went into the general pension fund.
Those are the easiest ones to cut. They don't get a vote in the matter.Yes We did...........
However, UPS and the US Treasury MPRA review board are not elected by the active Union members.Those are the easiest ones to cut. They don't get a vote in the matter.
I was talking about the healthcare. They could raise the out of pocket coats for retirees. And they wouldn't have a say.However, UPS and the US Treasury MPRA review board are not elected by the active Union members.
These two entities would tend to protect retirees.
OK ... this thread is about pensions however.I was talking about the healthcare. They could raise the out of pocket coats for retirees. And they wouldn't have a say.
That's what I was driving at.