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UPS Union Issues
New England Fund Plan Changes
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<blockquote data-quote="ok2bclever" data-source="post: 57311"><p>This link <a href="http://tinyurl.com/7qnbp" target="_blank">http://tinyurl.com/7qnbp</a> was sent to me. </p><p> </p><p>I don't necessarily agree with TDU on issues, but I appreciate them bringing many of them to light for consideration. </p><p> </p><p>This amendment is a killer for all of us who are still working or recently retired. </p><p> </p><p>The plan will not need to go under if this amendment survives, it appears it would allow the plan to cut our earned benefits to whatever level they see fit as any time. </p><p> </p><p>I don't see how that benefits our pension future or the ability to plan for retirement. </p><p> </p><p>It means a major piece of the financial benefit picture that we work for could go up in smoke far worse than it already has at any time after such legistlation is passed, and they could use the legistlation to continue with ongoing further retroactive cuts repeatedly with no limitations. </p><p> </p><p>Some pension relief.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 57311"] This link [url="http://tinyurl.com/7qnbp"]http://tinyurl.com/7qnbp[/url] was sent to me. I don't necessarily agree with TDU on issues, but I appreciate them bringing many of them to light for consideration. This amendment is a killer for all of us who are still working or recently retired. The plan will not need to go under if this amendment survives, it appears it would allow the plan to cut our earned benefits to whatever level they see fit as any time. I don't see how that benefits our pension future or the ability to plan for retirement. It means a major piece of the financial benefit picture that we work for could go up in smoke far worse than it already has at any time after such legistlation is passed, and they could use the legistlation to continue with ongoing further retroactive cuts repeatedly with no limitations. Some pension relief. [/QUOTE]
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