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Brown Cafe UPS Forum
UPS Union Issues
Nys teamsters pension & retirement fund
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<blockquote data-quote="Bubblehead" data-source="post: 3179098" data-attributes="member: 14176"><p>Yep, it's kind of "funny" how banks and auto makers can be deemed "to big to fail", yet millions of hard working blue collar workers can be left out in the cold in the face of government regulated mismanagement of their pension funds.</p><p></p><p>What an absolute shame it will be for these people to have proudly worked a job until retirement age, only to slip through this cracks and be subject to the entitlement system in their golden years.</p><p></p><p>People can say what they want about these people not saving enough while they were working, but the reality is they were saving.</p><p>Our pension is an earned benefit and a form of savings....</p><p></p><p>.....and it has been stolen from us.</p><p></p><p>What's happening here is criminal, parallel to what Bernie Madoff and his ponzi scheme did, landing him in jail.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 3179098, member: 14176"] Yep, it's kind of "funny" how banks and auto makers can be deemed "to big to fail", yet millions of hard working blue collar workers can be left out in the cold in the face of government regulated mismanagement of their pension funds. What an absolute shame it will be for these people to have proudly worked a job until retirement age, only to slip through this cracks and be subject to the entitlement system in their golden years. People can say what they want about these people not saving enough while they were working, but the reality is they were saving. Our pension is an earned benefit and a form of savings.... .....and it has been stolen from us. What's happening here is criminal, parallel to what Bernie Madoff and his ponzi scheme did, landing him in jail. [/QUOTE]
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