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Brown Cafe UPS Forum
UPS Union Issues
No increase for accrual pensions
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<blockquote data-quote="ski or die" data-source="post: 3701810" data-attributes="member: 52818"><p>You are correct. The $5 over 10 years will not even begin to address the pension funding crisis. And many employees are concerned about higher payouts for 25 years and out. With the company contributions, all plans will be in even worse shape in 5 years. I believe it is the company's plan of to weaken the pension so they can take it over in 5 years with false promises. Example: Management's pension.</p></blockquote><p></p>
[QUOTE="ski or die, post: 3701810, member: 52818"] You are correct. The $5 over 10 years will not even begin to address the pension funding crisis. And many employees are concerned about higher payouts for 25 years and out. With the company contributions, all plans will be in even worse shape in 5 years. I believe it is the company's plan of to weaken the pension so they can take it over in 5 years with false promises. Example: Management's pension. [/QUOTE]
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UPS Union Issues
No increase for accrual pensions
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