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UPS Union Issues
Pension
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<blockquote data-quote="bailey2227" data-source="post: 255730" data-attributes="member: 11729"><p>I wanted to ask a question I think a lot of us new folks are wondering. What is really happening to your guys pensions? I mean I know there are problems in the Central States, and they are trying to straighten it out with them. I have read a few posts on this forum about the different amounts a pension could be.</p><p> </p><p>I guess the big question is will the pension still be there for us new guys just starting off? I mean to work 35 yrs and receive a $3,500 pension w/ medical benefits for the remainder of your years. That is amazing. How many jobs offer pensions to employees. It seems like the remaining ones are all dissapearing. I know my dad had a pension all set to go w/ IBM and that was taken away from him. You could pretty much get away with doing no investing w/ that kind of pension plan. My question once again is do you think the UPS pension plan will ever go away or not?</p></blockquote><p></p>
[QUOTE="bailey2227, post: 255730, member: 11729"] I wanted to ask a question I think a lot of us new folks are wondering. What is really happening to your guys pensions? I mean I know there are problems in the Central States, and they are trying to straighten it out with them. I have read a few posts on this forum about the different amounts a pension could be. I guess the big question is will the pension still be there for us new guys just starting off? I mean to work 35 yrs and receive a $3,500 pension w/ medical benefits for the remainder of your years. That is amazing. How many jobs offer pensions to employees. It seems like the remaining ones are all dissapearing. I know my dad had a pension all set to go w/ IBM and that was taken away from him. You could pretty much get away with doing no investing w/ that kind of pension plan. My question once again is do you think the UPS pension plan will ever go away or not? [/QUOTE]
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