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UPS Union Issues
Pensions Dominate Talks With UPS
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<blockquote data-quote="jware" data-source="post: 213573" data-attributes="member: 8684"><p>You know I dont understand the how anyone could be against getting out of "CS". I may be off a little on the time frame, but I dont believe "SC" has been fully funded for around 6 years. And if I'm not mistaken the government is only about a year away from taking over the plan which will mean approximately a 50% cut in benifits for those who pracipate in the fund. I don't believe any one of us that work for UPS has seen any increase in our health care benifits in the two or three years because it has all gone to the pension plan. So can someone tell me where this magical solution is going to come from that's going to fix the problem with "CS"? It's time some of you take a reality check and understand that the "CS" pension plan is dead! I for one will vote to get out of this outdated plan. It seems to me that it's just a smaller version of Social Security, <strong>more taking out than putting in.</strong> The differnce being that "CS" cant just simply print money to fulfill thier obligations. Really, if there was any hope that "CS" could be self sustanning I would be willing to risk some of my families future on it. But can <strong><u>anyone </u></strong>realistically say that they have the answer? Should UPS be expected to pay $.60 for every dollar they contribute into the plan for those who work for other companies? I'm by know means a company man, I'm a third generation union man. But numbers don't lie, and any numbers you use dealing with "CS" adds up to one thing. <strong><u>A DEAD HORSE!!!!!</u></strong></p></blockquote><p></p>
[QUOTE="jware, post: 213573, member: 8684"] You know I dont understand the how anyone could be against getting out of "CS". I may be off a little on the time frame, but I dont believe "SC" has been fully funded for around 6 years. And if I'm not mistaken the government is only about a year away from taking over the plan which will mean approximately a 50% cut in benifits for those who pracipate in the fund. I don't believe any one of us that work for UPS has seen any increase in our health care benifits in the two or three years because it has all gone to the pension plan. So can someone tell me where this magical solution is going to come from that's going to fix the problem with "CS"? It's time some of you take a reality check and understand that the "CS" pension plan is dead! I for one will vote to get out of this outdated plan. It seems to me that it's just a smaller version of Social Security, [B]more taking out than putting in.[/B] The differnce being that "CS" cant just simply print money to fulfill thier obligations. Really, if there was any hope that "CS" could be self sustanning I would be willing to risk some of my families future on it. But can [B][U]anyone [/U][/B]realistically say that they have the answer? Should UPS be expected to pay $.60 for every dollar they contribute into the plan for those who work for other companies? I'm by know means a company man, I'm a third generation union man. But numbers don't lie, and any numbers you use dealing with "CS" adds up to one thing. [B][U]A DEAD HORSE!!!!![/U][/B] [/QUOTE]
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