UPSTeamster Pragmatist
Well-Known Member
everybody watch:
.
In case you are wondering how things are going to get fixed.
In case you are wondering how things are going to get fixed.
I think you are mixing your apples with your oranges?Perhaps if mangement from both concerns would take a "wage freeze" that would help with the shortfall. Does anyone in a public company really "need" to make Nine and One Half million dollars a year? Any person making six figures can take a pay cut. President Trump is only taking $1 a year. Then when the pension fund is caught up - they can "gradually" increase their pay to about $80,000.00 a year. They forget where their salaries are coming from - the employees who bust their humps and put up with multitudes of abuse about any and everything. If you can't live within your six figure income - then you are a poor money manager and your toys need to be taken away. Bill and Melinda Gates spread their wealth. Make the world a better place for all of us.
Perhaps if mangement from both concerns would take a "wage freeze" that would help with the shortfall. Does anyone in a public company really "need" to make Nine and One Half million dollars a year? Any person making six figures can take a pay cut. President Trump is only taking $1 a year. Then when the pension fund is caught up - they can "gradually" increase their pay to about $80,000.00 a year. They forget where their salaries are coming from - the employees who bust their humps and put up with multitudes of abuse about any and everything. If you can't live within your six figure income - then you are a poor money manager and your toys need to be taken away. Bill and Melinda Gates spread their wealth. Make the world a better place for all of us.
UPS contributed $19 million to the U.S. plans in 2018 and $7.3 billion in 2017
When has UPS ever been deemed remiss in making their negotiated pension contributions???
I think you are mixing your apples with your oranges?
While I completely agree with you assessment on corporate executive wages, I don't understand how you are connecting those dots with our pension woes??
When has UPS ever been deemed remiss in making their negotiated pension contributions???
These figures are from contributions to UPS controlled single employer plans.There is a monstrous difference between 19 million and 7.3 billion. I don't know the facts or reason behind the difference but........ DAMN!
6 Figures is rich in some parts, in others that barely covers the bills.
I would whole heartily agree if you move that number to 7 figures and above!
There is a monstrous difference between 19 million and 7.3 billion. I don't know the facts or reason behind the difference but........ DAMN!
it's because UPS was committed to "bailing" out the plans with the 7 billion and control of the funds (CS)6 Figures is rich in some parts, in others that barely covers the bills.
I would whole heartily agree if you move that number to 7 figures and above!
There is a monstrous difference between 19 million and 7.3 billion. I don't know the facts or reason behind the difference but........ DAMN!
it's because UPS was committed to "bailing" out the plans with the 7 billion and control of the funds (CS)
PIOnline : Error PageCS bailout was over 10 years ago, 2 contracts back.
Anyone know what other pension plans UPS has "bailed out," or bought out of?
it's because UPS was committed to "bailing" out the plans with the 7 billion and control of the funds (CS)
CS bailout was over 10 years ago, 2 contracts back.
The union has not been good stewards of our pension money. I do give some blame to the company also because they have people on the pension board also and everyone keeps kicking the can down the street.UPS stopping contributions will happen sooner than later. They can't bail out the UNION much longer. I also have NO faith in Congress on both sides of the isle. The UNION spends our funds on continuing theft an unnecessary spending. Unfortunately w e are in the biggest ponzi scheme made.
The pension is going broke but at the same time they are raising the benefit by $400 a month next January. Where is my government bail out?The union has not been good stewards of our pension money. I do give some blame to the company also because they have people on the pension board also and everyone keeps kicking the can down the street.
This pension stuff isn't going to end well . That's why I preach to the guys at work. Pay off your bills and save some money on your ownThe pension is going broke but at the same time they are raising the benefit by $400 a month next January. Where is my government bail out?