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UPS Union Issues
Question about Central States Funding.
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<blockquote data-quote="Bubblehead" data-source="post: 1172604" data-attributes="member: 14176"><p>I have repeatedly read about the CS H&W fund being fully funded, with a substantial reserve.</p><p>What I haven't seen is the actuarial forecast for the fund for the upcoming years.</p><p>It is no secret that most every other sector of our union is in decline.</p><p>It seems reasonable to me to think that a trend is occurring, whereas the number of retirees in the fund is increasing while the number of active participants is decreasing, creating an inevitable backwards slide in the CS H&W fund.</p><p>It is for this reason that I believe we have been sold a bill of goods in an attempt to bolster the number of active participants in the fund on the backs of the IBT's only remaining cash cow, UPS.</p><p>While I still would have voted NO on the National Master, I would have had more respect for those on the negotiating team if they would have told us the truth rather than pissing down our backs while telling us it is only raining.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 1172604, member: 14176"] I have repeatedly read about the CS H&W fund being fully funded, with a substantial reserve. What I haven't seen is the actuarial forecast for the fund for the upcoming years. It is no secret that most every other sector of our union is in decline. It seems reasonable to me to think that a trend is occurring, whereas the number of retirees in the fund is increasing while the number of active participants is decreasing, creating an inevitable backwards slide in the CS H&W fund. It is for this reason that I believe we have been sold a bill of goods in an attempt to bolster the number of active participants in the fund on the backs of the IBT's only remaining cash cow, UPS. While I still would have voted NO on the National Master, I would have had more respect for those on the negotiating team if they would have told us the truth rather than pissing down our backs while telling us it is only raining. [/QUOTE]
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