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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="beentheredonethat" data-source="post: 146901" data-attributes="member: 4886"><p><strong>Re: 804 Pension</strong></p><p></p><p></p><p>I love this analogy. Yes, it's true, UPS now has representation of one seat on most pension boards. However, that wasn't always the case. The board is 1/2 company reps (all companies not just UPS) and 1/2 Teamster officials. So how is it that the Teamsters don't get at least 1/2 the blame? I know you won't believe me since I'm in managment, but do this. Bring to your financial planner what UPS has put in for your retirement over the years. Then ask him based on this amount of savings how much you should be able to get in an annuity from this money. I believe you will find it is way way way more then what you will be receiving from the Teamsters pension fund. If UPS put in all that money for your pension and you are not receiving what your financial planner says is a reasonable return from that money. You should ask yourself where did the money go. I'll give you a hint. UPS didn't take the money back.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 146901, member: 4886"] [b]Re: 804 Pension[/b] I love this analogy. Yes, it's true, UPS now has representation of one seat on most pension boards. However, that wasn't always the case. The board is 1/2 company reps (all companies not just UPS) and 1/2 Teamster officials. So how is it that the Teamsters don't get at least 1/2 the blame? I know you won't believe me since I'm in managment, but do this. Bring to your financial planner what UPS has put in for your retirement over the years. Then ask him based on this amount of savings how much you should be able to get in an annuity from this money. I believe you will find it is way way way more then what you will be receiving from the Teamsters pension fund. If UPS put in all that money for your pension and you are not receiving what your financial planner says is a reasonable return from that money. You should ask yourself where did the money go. I'll give you a hint. UPS didn't take the money back. [/QUOTE]
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Our Pension program is taking a hit at UPS !
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