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UPS Union Issues
Question for Central Staters
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<blockquote data-quote="gman" data-source="post: 54869"><p>Clever </p><p> </p><p>You have clever words and little to back yours either. All are your opinions. It's actually 53% of what is contributed is from UPS. Don't have the paperwork to back that up at the moment but can find it if need be. I'll stick with 90% becauses I know I have never had a problem and most haven't. The ones who do are multiple problem makers making up all the hearings. And where doyou think the money is coming from to finance the benefits and retirement if not from companys contributing. If what is in the plan, something like 13 billion I believe were all there was to pay out, it would be gone in a few years. That conversation has been talked out a few months ago. If you have no one contributing, i.e. bankrupt companies, the pot continues to shrink. The plan is based on continuing contributions by all the companies for eternity. If it doesn't matter if they go out of business, then UPS should be able to pull out today with no effect of the future payouts of all the teamsters combined. </p><p> </p><p>Your scenario says """We are pauing for all the companies that have gone backrupt and are no longer paying anything into the fund." </p><p> </p><p>Nope, that is an inaccurate statement, although a very popular one here. </p><p> </p><p>Any worker from another company that is actually getting any money from the fund had a company paying for every dime that was supposed to be contributed to get those benefits for every minute of credit he/she earned, period. """ </p><p> How is that statement inaccurate????? If nobody pays in, where does the money come from. And if you are a clerk, what union do you belong to? Not the Teamsters.</p></blockquote><p></p>
[QUOTE="gman, post: 54869"] Clever You have clever words and little to back yours either. All are your opinions. It's actually 53% of what is contributed is from UPS. Don't have the paperwork to back that up at the moment but can find it if need be. I'll stick with 90% becauses I know I have never had a problem and most haven't. The ones who do are multiple problem makers making up all the hearings. And where doyou think the money is coming from to finance the benefits and retirement if not from companys contributing. If what is in the plan, something like 13 billion I believe were all there was to pay out, it would be gone in a few years. That conversation has been talked out a few months ago. If you have no one contributing, i.e. bankrupt companies, the pot continues to shrink. The plan is based on continuing contributions by all the companies for eternity. If it doesn't matter if they go out of business, then UPS should be able to pull out today with no effect of the future payouts of all the teamsters combined. Your scenario says """We are pauing for all the companies that have gone backrupt and are no longer paying anything into the fund." Nope, that is an inaccurate statement, although a very popular one here. Any worker from another company that is actually getting any money from the fund had a company paying for every dime that was supposed to be contributed to get those benefits for every minute of credit he/she earned, period. """ How is that statement inaccurate????? If nobody pays in, where does the money come from. And if you are a clerk, what union do you belong to? Not the Teamsters. [/QUOTE]
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