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UPS Subsidiaries
UPS Freight = TForce Freight
Our Pension program is taking a hit at UPS !
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<blockquote data-quote="wildgoose" data-source="post: 144770" data-attributes="member: 5428"><p>Hey Teamster251 here is a link via Bloomberg ! Please read this. <a href="http://web.archive.org/web/20060920035554/http://www.commondreams.org/headlines06/0320-09.htm" target="_blank">UPS Uses Political Clout to Press for Cuts in Pension Benefits</a></p><p>The local 804 drivers post what they have coming down the pike. That was all future accruals will be at 70%. The meeting will be upcoming weekend. If the teamsters thats companies that went under should be getting a pesnion for the amount of time put in after 57 without insurance or 62 with insurance at a rate equal to what we will have to pay. $500-$1000. If paying them screws us out of our pension it was abvious the union did not negotiate enough for those and us at UPS. Planners of pensions sit by for 2 years of dropping stockmarket and watch our funds slowly dwindle away ? Shows me maybe they were incompetant in the first place. Bottom line is that the teamster negotiated -suprervised - managed the pensions $ for our best interest and now the Montster is showing his head ! Teamster251 are you in the New England Fund ? If so i hear that fund is approaching the 40% mark ? Obvious this forum is but of a few concerned employees vieing for a consistent plan to rely on. I see nothing wrong with that.</p></blockquote><p></p>
[QUOTE="wildgoose, post: 144770, member: 5428"] Hey Teamster251 here is a link via Bloomberg ! Please read this. [URL='http://web.archive.org/web/20060920035554/http://www.commondreams.org/headlines06/0320-09.htm']UPS Uses Political Clout to Press for Cuts in Pension Benefits[/URL] The local 804 drivers post what they have coming down the pike. That was all future accruals will be at 70%. The meeting will be upcoming weekend. If the teamsters thats companies that went under should be getting a pesnion for the amount of time put in after 57 without insurance or 62 with insurance at a rate equal to what we will have to pay. $500-$1000. If paying them screws us out of our pension it was abvious the union did not negotiate enough for those and us at UPS. Planners of pensions sit by for 2 years of dropping stockmarket and watch our funds slowly dwindle away ? Shows me maybe they were incompetant in the first place. Bottom line is that the teamster negotiated -suprervised - managed the pensions $ for our best interest and now the Montster is showing his head ! Teamster251 are you in the New England Fund ? If so i hear that fund is approaching the 40% mark ? Obvious this forum is but of a few concerned employees vieing for a consistent plan to rely on. I see nothing wrong with that. [/QUOTE]
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Our Pension program is taking a hit at UPS !
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