Pension changes?

[UPS1907]

Sixty percent cut in benefits floated for Teamsters’ New England pension fund

The proposal to slash benefits exposes the real agenda in the upcoming contract talks at UPS. The company and the union bureaucrats are preparing to force through significant concessions down workers’ throats.

www.wsws.org

 

[PASinterference]

@UpstateNYUPSer(Ret) ?

 

[ManInBrown]

didn’t they pass a bill that replenished the pensions to 100%? Thought Brandon took care of that.

 

[govols019]

didn’t they pass a bill that replenished the pensions to 100%? Thought Brandon took care of that.

That was for Central States

 

[ManInBrown]

That was for Central States

The bill only funded Central States? I thoughit replenished all of them

 

[UnionStrong]

The bill only funded Central States? I thoughit replenished all of them

It allows all plans that are critically underfunded to apply for the money

 

[UnionStrong]

That was for Central States

Wrong

 

[Hofficer Hater]

didn’t they pass a bill that replenished the pensions to 100%? Thought Brandon took care of that.

The plans have to apply for the bailout. It has to make enough adjustments for the money to last 30 years because there will never be another bailout again. So the adjustments mean cuts for future retirees.

 

[nWo]

Thanks Obama!

 

[govols019]

It allows all plans that are critically underfunded to apply for the money

True ...wonder why this fund waited so long to apply?

Central States got ours first thing.

 

[Mplayers2006]

Thanks Obama!

Is that the same guy who tapped Donald’s wire?

 

[100%]

I’ll bet “my feet to the pavement” they aren’t cutting .

 

[Spam]

Why doesn’t UPS teamsters get out of the multiemployer pension plan? Seems all the problems are non ups.

 

[IVE GOTTA PACKAGE 4U]

True ...wonder why this fund waited so long to apply?

Central States got ours first thing.

If you read the article stated with the retirement age is going to go up to age 64.

So there's probably wait until the last minute so people your eligible retired to get out of there before the cuts get put in place

 

[UnionStrong]

True ...wonder why this fund waited so long to apply?

Central States got ours first thing.

The worst ones got it first

 

[IVE GOTTA PACKAGE 4U]

The worst ones got it first

He waited. Their fund had the second biggest deficit.

 

[UnionStrong]

He waited. Their fund had the second biggest deficit.

I just got another letter yesterday saying they were applying for the money.

 

[IVE GOTTA PACKAGE 4U]

I just got another letter yesterday saying they were applying for the money.

He waited for a reason. Many other plans already got there bailout money.

 

[UnionStrong]

He waited for a reason. Many other plans already got there bailout money.

What reason? It was widely known that the fund was in trouble.

 

[IVE GOTTA PACKAGE 4U]

What reason? It was widely known that the fund was in trouble.

In order for them to get the bailout money they have to raise the age requirements.
According to the story that was posted.