Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Retiring with APWA
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Bill" data-source="post: 189149" data-attributes="member: 5483"><p>Is that the best you can do? The Teamsters can't fix the pension. That is a given. </p><p>Let 's assume that everything is equal. UPS contributes an arbitrary amount of money into the pension plan. Currently, the Teamsters have obligations to pay retirees from many companies (this is known as a multi-pension plan). There are twice as many retirees as active participants. Simply put, there are roughly 2 retirees for every contributing employee. There is no way any fund can sustain this ratio. UPS money is going to employees of other companies, and we are left with 40% of what UPS contributes annually. Now we have the APWA, a single pension plan that receives and invests the pension money for only UPS employees. We receive 100% of the UPS pension money. Currently, there are roughly 6 active UPS participants to every one UPS retiree. ( You can call Central States and verify this is you choose to, but you probably won't, because you are afraid of the truth. ) This percentage is much more favorable than the Teamster's failing plan. This is just common sense. Now I pose a question to you: What are the Teamsters doing that benefits its members? How are they correcting this pension debacle? Please give me facts (if you have any) where I can verify them. I don't want yours or anyone else's opinion. Opinions are cheap and mean nothing.</p></blockquote><p></p>
[QUOTE="Bill, post: 189149, member: 5483"] Is that the best you can do? The Teamsters can't fix the pension. That is a given. Let 's assume that everything is equal. UPS contributes an arbitrary amount of money into the pension plan. Currently, the Teamsters have obligations to pay retirees from many companies (this is known as a multi-pension plan). There are twice as many retirees as active participants. Simply put, there are roughly 2 retirees for every contributing employee. There is no way any fund can sustain this ratio. UPS money is going to employees of other companies, and we are left with 40% of what UPS contributes annually. Now we have the APWA, a single pension plan that receives and invests the pension money for only UPS employees. We receive 100% of the UPS pension money. Currently, there are roughly 6 active UPS participants to every one UPS retiree. ( You can call Central States and verify this is you choose to, but you probably won't, because you are afraid of the truth. ) This percentage is much more favorable than the Teamster's failing plan. This is just common sense. Now I pose a question to you: What are the Teamsters doing that benefits its members? How are they correcting this pension debacle? Please give me facts (if you have any) where I can verify them. I don't want yours or anyone else's opinion. Opinions are cheap and mean nothing. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Retiring with APWA
Top