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Brown Cafe UPS Forum
UPS Retirement Topics
Pension cuts?
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<blockquote data-quote="beentheredonethat" data-source="post: 83582" data-attributes="member: 4886"><p>Wily old Vet, we aren't making similar cuts because we don't have a 25 and out pension to be cut from. I don't know exact numbers but I find it hard to believe that UPS pays more into the fund per FT mgmt person then it does for the UPS Teamsters. It doesn't have to, since if the money is managed properly, that is plenty of money to have to pay for a pension plan. If you look at what gets paid by UPS for your pension, there is plenty of to pay the benefits you were promised. Also, that doesn't even take into account all the payments that have been made to the pension fund for part timers who don't work long enough to get vested. All that money goes to the pension fund and it doesn't have to pay for anyones pension. Why are you mad at UPS when it is the teamsters pension fund that failed to deliver on promised benefits. UPS is trying to change the law so it doesn't go bankrupt to try to pay for benefits for people who never even worked for UPS. I find it hard to believe that people keep on blaming the company when it's pretty clear it's the teamsters that have screwed them over.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 83582, member: 4886"] Wily old Vet, we aren't making similar cuts because we don't have a 25 and out pension to be cut from. I don't know exact numbers but I find it hard to believe that UPS pays more into the fund per FT mgmt person then it does for the UPS Teamsters. It doesn't have to, since if the money is managed properly, that is plenty of money to have to pay for a pension plan. If you look at what gets paid by UPS for your pension, there is plenty of to pay the benefits you were promised. Also, that doesn't even take into account all the payments that have been made to the pension fund for part timers who don't work long enough to get vested. All that money goes to the pension fund and it doesn't have to pay for anyones pension. Why are you mad at UPS when it is the teamsters pension fund that failed to deliver on promised benefits. UPS is trying to change the law so it doesn't go bankrupt to try to pay for benefits for people who never even worked for UPS. I find it hard to believe that people keep on blaming the company when it's pretty clear it's the teamsters that have screwed them over. [/QUOTE]
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