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<blockquote data-quote="ok2bclever" data-source="post: 54314"><p>my2cents,</p><p></p><p>It is well and good that there are groups mouthing that something has to be done and consortiums actually moving forward trying to do something, but I am interested in the cold hard end result that we (I) will be paid upon retiring after thirty plus years of working for UPS and whether any of this actually will improve the situation for us, the workers involved.</p><p></p><p>So the companies get a potential 5/10% surcharge increase for such failed plans, that could be read as giving them limited liability versus the current essentially unlimited liability.</p><p></p><p>This would be a great thing <em>for the companies.</em></p><p></p><p>This possibly limits the taxpayers liabilities by that same 5/10% and that is an ok thing for the taxpayer I guess.</p><p></p><p>However, exactly what does the plan do to improve the situation for the workers involved?</p><p></p><p>I admit I haven't had the time to look over the entire proposals or listen to the three hour link you supplied, but I am wondering where any of this actually improves the situation for the affected workers in the red zone plans.</p><p></p><p>As it stands now, if our plan goes belly up we get dumped onto the PBGC where we plummet from 3000/3500 a month (top rates for those UPSers already retired) to a maximum of 1050 a month which is a loss of 2/3rds of our earned pensions, not to mention our medical benefits essentially evaporating in unaffordable premiums.</p><p></p><p>This proposal would change this positively in what way for us workers so affected?</p><p></p><p>Realize, I am not blaming you for any of this (kill the messenger), but do you know how it proposes to "help" the affected workers?</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 54314"] my2cents, It is well and good that there are groups mouthing that something has to be done and consortiums actually moving forward trying to do something, but I am interested in the cold hard end result that we (I) will be paid upon retiring after thirty plus years of working for UPS and whether any of this actually will improve the situation for us, the workers involved. So the companies get a potential 5/10% surcharge increase for such failed plans, that could be read as giving them limited liability versus the current essentially unlimited liability. This would be a great thing [I]for the companies.[/I] This possibly limits the taxpayers liabilities by that same 5/10% and that is an ok thing for the taxpayer I guess. However, exactly what does the plan do to improve the situation for the workers involved? I admit I haven't had the time to look over the entire proposals or listen to the three hour link you supplied, but I am wondering where any of this actually improves the situation for the affected workers in the red zone plans. As it stands now, if our plan goes belly up we get dumped onto the PBGC where we plummet from 3000/3500 a month (top rates for those UPSers already retired) to a maximum of 1050 a month which is a loss of 2/3rds of our earned pensions, not to mention our medical benefits essentially evaporating in unaffordable premiums. This proposal would change this positively in what way for us workers so affected? Realize, I am not blaming you for any of this (kill the messenger), but do you know how it proposes to "help" the affected workers? [/QUOTE]
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