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<blockquote data-quote="Old International" data-source="post: 816773" data-attributes="member: 14916"><p>INCORRECT. UPS did the buy out to protect what little we did have left. The old Central states plan was riddled with payout to employees who companies had gone belly up, and PISS POOR management of the money left over. Remember the contract before UPS bought out the plan? How it went thru so easy? And then 9 months later, when we all found out that the fund was being cut to the bone because of no money? UPS had gone back to the union, and told them that the funding was low, and that we needed to take less of a wage increase, so we could get more into the fund? And the union said" You let us worry about that"? So UPS went ahead, and while we got a great wage package, we took it in the ass on the retirement. That little "hiccup" means I will have to work an extra 4 years.</p></blockquote><p></p>
[QUOTE="Old International, post: 816773, member: 14916"] INCORRECT. UPS did the buy out to protect what little we did have left. The old Central states plan was riddled with payout to employees who companies had gone belly up, and PISS POOR management of the money left over. Remember the contract before UPS bought out the plan? How it went thru so easy? And then 9 months later, when we all found out that the fund was being cut to the bone because of no money? UPS had gone back to the union, and told them that the funding was low, and that we needed to take less of a wage increase, so we could get more into the fund? And the union said" You let us worry about that"? So UPS went ahead, and while we got a great wage package, we took it in the ass on the retirement. That little "hiccup" means I will have to work an extra 4 years. [/QUOTE]
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