Progress made in the Third & Fourth Rounds of UPS Contract Negotiations

[upschuck]

My investments ate doing far better than what the pension plan is doing.

That is because you are a monetary genius, and pensions have a handcuff known as a safety net, that is supposed to stop the bleeding, but also limits their return.

 

[upschuck]

Imagine a scenario where idiots are pulling the money out of the 401k match every year like it's part of their pay. You know people would do it, there's tons of debt slaves around here. Maybe they end up accepting less in raises because of it....

I know people don't like how the pension is managed, but it's a safety net, just like social security. I like having it.

Mine is in ups's control, and I like that, they are more stable, and will have money to disburse, when the robots take over all aspects of delivery of packages.

 

[upschuck]

I agree with the monetary suicide. Our Local has been conservative. Seeing the numbers of some of the other locals pensions shows they are substantially higher monthly. Everyone would love to have that higher amount, but just like a 401k, burn through it faster each month our be conservative so you can live comfortably the rest of your life. But our Local has managed to keep our fund solidly funded and gives us a lot less worries of having our pension cut.

And the higher payouts would never agree to a manageable lower payout, instead would rather bankrupt the fund. The government payout is something like 60% in multiemployer funds, and much higher in single employer funds.

 

[IVE GOTTA PACKAGE 4U]

That is because you are a monetary genius, and pensions have a handcuff known as a safety net, that is supposed to stop the bleeding, but also limits their return.

The problem with the pension was , during the good years they kept rasing he monthly payout instead of issuing a 13th check.

 

[3 done 3 to go]

The problem with the pension was , during the good years they kept rasing he monthly payout instead of issuing a 13th check.

Bingo!!!

 

[IVE GOTTA PACKAGE 4U]

Bingo!!!

If we all work until we drop dead, problem solved.

 

[3 done 3 to go]

If we all work until we drop dead, problem solved.

God! I how not.

 

[upschuck]

The problem with the pension was , during the good years they kept rasing he monthly payout instead of issuing a 13th check.

I think ours issued a 13th check, and still made it to the pooper.

 

[1989]

Out 401k plan is pretty strict compared to many others.

Bottom line, that my money! Part of my pay package. I worked for it and earned it.

I like my pension. I would love ups to max it out.

 

[Frankie's Friend]

Imagine a scenario where idiots are pulling the money out of the 401k match every year like it's part of their pay. You know people would do it, there's tons of debt slaves around here. Maybe they end up accepting less in raises because of it....

I know people don't like how the pension is managed, but it's a safety net, just like social security. I like having it.

Ssfety net for Cent States? Ok

 

[ski or die]

The problem with the pension was , during the good years they kept rasing he monthly payout instead of issuing a 13th check.

Our local held our monthly pension steady and did not increase the payout. But the first few years I retired, every December we would receive a bonus check. This happened before economy soured. After the downturn, the local discontinued the bonus. Our local had and still have been able to keep ours in the green.

 

[IVE GOTTA PACKAGE 4U]

I think ours issued a 13th check, and still made it to the pooper.

People should be in jail for what happened to your pension

 

[IVE GOTTA PACKAGE 4U]

Our local held our monthly pension steady and did not increase the payout. But the first few years I retired, every December we would receive a bonus check. This happened before economy soured. After the downturn, the local discontinued the bonus. Our local had and still have been able to keep ours in the green.

Many locals didn't do that. They just raised the monthly payout. Now it's too late to fix it.

 

[upschuck]

People should be in jail for what happened to your pension

Haven't kept up with it, don't know the details, glad ups took it over, though.

 

[IVE GOTTA PACKAGE 4U]

Haven't kept up with it, don't know the details, glad ups took it over, though.

Lots if bad casino loans. I'm sure it was all back door let's line someone's pocket with cash for hooking a buddy up.

 

[upschuck]

Many locals didn't do that. They just taised the monthly payout. Now it's too late to fix it.

Hard to take away what people have been given. 13th check was more like a bonus, and people knew it wasn't infinite.

 

[upschuck]

Lots if bad casino loans. I'm sure it was all back door let's line someone's pocket with cash for hooking a buddy up.

Casinos waiting to still be built? Thought running casinos were a cash cow?

 

[1989]

Many locals didn't do that. They just taised the monthly payout. Now it's too late to fix it.

My local never had a say in my pension.

 

[IVE GOTTA PACKAGE 4U]

Hard to take away what people have been given. 13th check was more like a bonus, and people knew it wasn't infinite.

The 13th check was perfect, in case of a market down turn.

 

[IVE GOTTA PACKAGE 4U]

My local never had a say in my pension.

Why not?