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Brown Cafe UPS Forum
UPS Union Issues
Retired union workers facing 'unprecedented' pension cuts.
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<blockquote data-quote="brett636" data-source="post: 1224089" data-attributes="member: 249"><p>Just another reason why saving for your retirement is the best way to ensure the retirement you dreamed of. Having a pension to look forward too is nice, but its not absolute. The problem highlighted in the article is that the dire financial position some pensions are in will cause benefit cuts whether the law changes or not. The retirees are going to get screwed and its just a matter of how badly they will be screwed. I can't tell you who within UPS or the Teamsters are supporting this change in the law, but the math can't be avoided. Save is if you have no pension and if its still there come retirement you have that much more money to work with.</p></blockquote><p></p>
[QUOTE="brett636, post: 1224089, member: 249"] Just another reason why saving for your retirement is the best way to ensure the retirement you dreamed of. Having a pension to look forward too is nice, but its not absolute. The problem highlighted in the article is that the dire financial position some pensions are in will cause benefit cuts whether the law changes or not. The retirees are going to get screwed and its just a matter of how badly they will be screwed. I can't tell you who within UPS or the Teamsters are supporting this change in the law, but the math can't be avoided. Save is if you have no pension and if its still there come retirement you have that much more money to work with. [/QUOTE]
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Retired union workers facing 'unprecedented' pension cuts.
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