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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="teddyr" data-source="post: 54919"><p>ok2bc. what is inaccurate about it? All the money ups invests goes into one big fund that supports all teamsters under that plan. UPS invests way more than their fair share to float that fund. Without UPS it would crash..Why do you think APWA conventions are crashed by non UPS teamsters? If they lose UPS contributions they get their benefit cut. UPS will seek out help to relieve the burden, and the IBT will assist to ease tensions. They know how valuable UPS is to the multi emp. pension. Dont forget that was a major issue in 97. </p><p> </p><p>(Message edited by teddyr on May 27, 2005)</p></blockquote><p></p>
[QUOTE="teddyr, post: 54919"] ok2bc. what is inaccurate about it? All the money ups invests goes into one big fund that supports all teamsters under that plan. UPS invests way more than their fair share to float that fund. Without UPS it would crash..Why do you think APWA conventions are crashed by non UPS teamsters? If they lose UPS contributions they get their benefit cut. UPS will seek out help to relieve the burden, and the IBT will assist to ease tensions. They know how valuable UPS is to the multi emp. pension. Dont forget that was a major issue in 97. (Message edited by teddyr on May 27, 2005) [/QUOTE]
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