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Brown Cafe UPS Forum
UPS Retirement Topics
Pension in Jeopardy
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<blockquote data-quote="siouxman" data-source="post: 86286" data-attributes="member: 4991"><p>Im 21 year teamster and I think our central states pension is in trouble.I have done some research on the plan and I see different numbers out there like the plan only has 55 cents for every dollar of liabilities.Our memership is droping. UPS is before congress right now trying to get benifit cuts passed.I dont think any emploeer in there right mind would join central states.The writing is on the wall, I feel that benifits will be cut ,the age of retirement will go up and we are going to pay a huge price for the poor performance of the fund.Whats the answer to this problem?We can blame the fund managers,the teamsters or who ever but lets fix the problem if its possible.The next contract this issue should be one everyones minds and make sure we ask the hard questins to our leadership.</p></blockquote><p></p>
[QUOTE="siouxman, post: 86286, member: 4991"] Im 21 year teamster and I think our central states pension is in trouble.I have done some research on the plan and I see different numbers out there like the plan only has 55 cents for every dollar of liabilities.Our memership is droping. UPS is before congress right now trying to get benifit cuts passed.I dont think any emploeer in there right mind would join central states.The writing is on the wall, I feel that benifits will be cut ,the age of retirement will go up and we are going to pay a huge price for the poor performance of the fund.Whats the answer to this problem?We can blame the fund managers,the teamsters or who ever but lets fix the problem if its possible.The next contract this issue should be one everyones minds and make sure we ask the hard questins to our leadership. [/QUOTE]
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Pension in Jeopardy
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