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UPS Retirement Topics
Pension Protection Act
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<blockquote data-quote="wkmac" data-source="post: 54308"><p>"the voice of the worker in this debate is somewhat ignored because they don't bear a financial risk in funding these plans."</p><p></p><p>I agree with what you say but this is a perception I happen to toldly disagree with that the worker has no risk. I believe and see the money placed into our H&amp;W fund as a part of our total compensation package just as much as our hourly wage is or even the money for Social Security. You don't phsyically see or hold the tax dollars withheld for taxes but it's just as much your money as anything else. </p><p></p><p>It so happens the way the system is setup we are kept disconnected from these funds and become tainted to percieve them as some freebie or give-a-way totally bargained by the union or given out of the goodness of the company's heart. We've also become lazy and irresponsible, all of us including me, and this is why CS for example got in the shape it was in. We just got the idea it was somebodyelse's job to mind the store.</p><p></p><p>When any company decides to hire on an employee it's just not the hourly wage itself that is a concern but all the costs of that employee. If that employee can not earn the total comp. package set aside for them from top to bottom then that employee is not added. It's our money folks, top to bottom. Don't lose sight of that! </p><p>JMO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 54308"] "the voice of the worker in this debate is somewhat ignored because they don't bear a financial risk in funding these plans." I agree with what you say but this is a perception I happen to toldly disagree with that the worker has no risk. I believe and see the money placed into our H&W fund as a part of our total compensation package just as much as our hourly wage is or even the money for Social Security. You don't phsyically see or hold the tax dollars withheld for taxes but it's just as much your money as anything else. It so happens the way the system is setup we are kept disconnected from these funds and become tainted to percieve them as some freebie or give-a-way totally bargained by the union or given out of the goodness of the company's heart. We've also become lazy and irresponsible, all of us including me, and this is why CS for example got in the shape it was in. We just got the idea it was somebodyelse's job to mind the store. When any company decides to hire on an employee it's just not the hourly wage itself that is a concern but all the costs of that employee. If that employee can not earn the total comp. package set aside for them from top to bottom then that employee is not added. It's our money folks, top to bottom. Don't lose sight of that! JMO. [/QUOTE]
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