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<blockquote data-quote="DELACROIX" data-source="post: 4581030" data-attributes="member: 49065">As time goes by with the IBT/UPS pension fund in place UPS&#039;s future liability with the Central States collapse will decrease (attrition).&nbsp; Every corporation in America wants to get out of all their controlled defined pension plans and convert them to individual 401K&#039;s, in 2023 UPS will be eliminating their management&#039;s pension plan freeing up about 2 Billion annually, it could be they have come to the conclusion that they have to eat the costs of the eventual bankruptcy of the Central States fund and as you stated their liability goes down...Next contract expect the company to eliminate the UPS Pension Plan that covers all the part timers in the Central and Southern.&nbsp; They will offer a 401k match similar to management&#039;s, I expect they will sweeten the pot in order to get this done considering that about 60 percent of our current workforce are classified as part time and 95 percent of them do not vote or will not be around to even be vested into the plan..You are also correct in stating that our current employees sell out retirees all the time...Maybe with Hoffa gone things will change and the concept of &quot;Union&quot; will actually mean something, but currently it everybody looking out for Number Uno and to hell with everyone else....Look at the last couple of contracts to prove that statement... <img src="/community/styles/default/xenforo/smilies/2012/bsbullf.gif"&nbsp; class="smilie" loading="lazy" alt=":bsbullf:" title="Bsbullf&nbsp; &nbsp; :bsbullf:" data-shortname=":bsbullf:" /></blockquote>

[QUOTE="DELACROIX, post: 4581030, member: 49065"] As time goes by with the IBT/UPS pension fund in place UPS's future liability with the Central States collapse will decrease (attrition). Every corporation in America wants to get out of all their controlled defined pension plans and convert them to individual 401K's, in 2023 UPS will be eliminating their management's pension plan freeing up about 2 Billion annually, it could be they have come to the conclusion that they have to eat the costs of the eventual bankruptcy of the Central States fund and as you stated their liability goes down... Next contract expect the company to eliminate the UPS Pension Plan that covers all the part timers in the Central and Southern. They will offer a 401k match similar to management's, I expect they will sweeten the pot in order to get this done considering that about 60 percent of our current workforce are classified as part time and 95 percent of them do not vote or will not be around to even be vested into the plan.. You are also correct in stating that our current employees sell out retirees all the time...Maybe with Hoffa gone things will change and the concept of "Union" will actually mean something, but currently it everybody looking out for Number Uno and to hell with everyone else....Look at the last couple of contracts to prove that statement... :bsbullf: [/QUOTE]

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