Pension letter

[IVE GOTTA PACKAGE 4U]

BC wouldn't be the same if you weren't.

Nothing lasts forever

 

[UpstateNYUPSer(Ret)]

The letter 2000 was referring said that the next step would be a suspension in the accrual of benefits.

 

[IVE GOTTA PACKAGE 4U]

The letter 2000 was referring said that the next step would be a suspension in the accrual of benefits.

10 more years for you

 

[Catatonic]

The letter 2000 was referring said that the next step would be a suspension in the accrual of benefits.

So what does that mean to you?

 

[IVE GOTTA PACKAGE 4U]

So what does that mean to you?

He is ignoring it

 

[UpstateNYUPSer(Ret)]

So what does that mean to you?

I need to do more research before I can answer your question.

 

[FrigidFTSup]

The pension system is dying. Feel bad for all the people who retired and counted on having a pension.

 

[MyTripisCut]

The pension system is dying. Feel bad for all the people who retired and counted on having a pension.

You think backs are high now? Wait til you get the same quality driver as the pre-loaders now. No pension I'm out. There's no reason to be here.

 

[hellfire]

The retiree!

im in Cs, big brown is compensating..FOR NOW,, what happens elsewhere?

 

[IVE GOTTA PACKAGE 4U]

im in Cs, big brown is compensating..FOR NOW,, what happens elsewhere?

Nothing

 

[FrigidFTSup]

You think backs are high now? Wait til you get the same quality driver as the pre-loaders now. No pension I'm out. There's no reason to be here.

Do you honestly think there will be a fully funded pension waiting for you when it comes time to retire?

I'm not trying to be snarky, it's an honest question. I think anybody who is just starting out or 10 years deep has to plan Retirement without a pension. If it's there, wonderful, but if not, at least you planned. Too much uncertainty with them.

 

[oldngray]

im in Cs, big brown is compensating..FOR NOW,, what happens elsewhere?

UPS made that promise when they bought out of CS. They didn't make that promise for any other plans. I guess people could just rely on the generosity of UPS though.

 

[Catatonic]

UPS made that promise when they bought out of CS. They didn't make that promise for any other plans. I guess people could just rely on the generosity of UPS though.

Promises aren't worth much ... Look at the divorce rate.

 

[Jackburton]

Pension, that might pay for my upgrade to business class flights when I bounce this circus.

 

[hellfire]

ok,, GAME OVER. factor ups out of the delivery market if suddenly the majority of FT's lose the pension...Sell that stock board members

 

[hellfire]

that goes for the teamsters too

 

[IVE GOTTA PACKAGE 4U]

ok,, GAME OVER. factor ups out of the delivery market if suddenly the majority of FT's lose the pension...Sell that stock board members

I sold mine years ago

 

[FrigidFTSup]

ok,, GAME OVER. factor ups out of the delivery market if suddenly the majority of FT's lose the pension...Sell that stock board members

Why? If anything the stock becomes more valuable. People are going to hold onto the stock since it's in their 401k, and the company will implement a match like they have for management. Going to help the stock and encourage insiders to buy it even more

 

[MyTripisCut]

Do you honestly think there will be a fully funded pension waiting for you when it comes time to retire?

I'm not trying to be snarky, it's an honest question. I think anybody who is just starting out or 10 years deep has to plan Retirement without a pension. If it's there, wonderful, but if not, at least you planned. Too much uncertainty with them.

I am not naive enough to rely solely on a pension for retirement. Luckily my wife is a financial guru in many ways. That doesn't mean I will happily say "Oh this is the way the world works now", like everyone seems to be ok saying with our benefits slowly disappearing. This company is making RECORD profits. I want what is promised. It's part of our pay as far as I'm concerned. If it's not gonna be there, put it in my check and I will invest it.

 

[hellfire]

Why? If anything the stock becomes more valuable. People are going to hold onto the stock since it's in their 401k, and the company will implement a match like they have for management. Going to help the stock and encourage insiders to buy it even more

wow, let me explain, if you piss off the workforce, and even you will admit, drivers dictate the profits, there will be no future for ups