Discussion in 'UPS Discussions' started by Leftinbuilding, Jul 9, 2012.
New law to give companies a break on pensions – USATODAY.com
The only UPS employees who may need to be concerned are the ones covered by the company pension plan. Those covered by Teamster plans have their contributions negotiated and included in the NMA and as such should not be affected by this new law.
Frikken Obama puts another knife in our backs.
Read the article before you over react. The impact will be minimal.
I would gladly give up my pension for the right amount of raise let me take care of me. Just as I would love to opt out of social security right now. This isn't the right choice for everyone but I prefer to depend on myself and trust no one else.
Hopefully UPS will consider the loss of production with workers forced to work longer, as well as increased injuries etc.
You want to take a moment to research the new law before forming your opinion.
I meant "our" as in Americans, not just as UPSers.
You, of course, have fully researched this legislation. Interesting, since it was just announced this a/noon. You have an inside source?
More like a HUGE MACHETE......
No but I read the whole article and the last paragraph stated that there will be minimal impact to most pension plans. Your "the sky is falling" scenario is certainly premature.
dont question him dude, he helped al gore invent the internet.
I'm voting for Obama again.
You believe every thing you read? BC
The way I see it, I take it for what it is :
Life is work, so I will work til I die !!!
Interesting thing is that Al Gore really did play a very important part in getting the internet up and going. But, of course once the spin masters get hold of it, it becomes something ridiculous.
Spot on. The way the government is spending and printing money, its only a matter of time before Uncle Sam maxes out his credit card and inflation hits. Pension plans along with everything else will lose big bucks.
One mans opinion. Why would our "leaders" pass such a law if they expected little benefit? To expect that major corporations would ignore such a money saver is to deny reality. I don't know what UPS will do and neither do you. But on the surface it is not comforting.
Interesting. Worst case for me is I won't be able to chrome out my side rails on my boat when I retire. As I said in another thread awhile back, I'm investing my money for my retirement, pension and SS are gravy. I'd suggest you guys do the same while you're still young. I still see plenty of people retire without pensions and they seem to do just fine. I'm not saying that what's going on is right but you can only control so much. Do yourself a favor and plan for the worst and hope for the best.
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