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Ron Carey- Local 804 hero
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<blockquote data-quote="tieguy" data-source="post: 761082" data-attributes="member: 1912"><p><span style="color: blue">you should read the contract brownie they put extra money in your plan every year.</span></p><p> </p><p><span style="color: #0000ff">It really does not matter whether it was one plan or many plans. Central states was the grandadday of them all. UPS has always felt that the teamsters did a poor job with the multi employer plans. They tried to buy them out in 97 thinking they could do a better job and probably save ups money in the long run. You can't argue that logic. UPS has shown they know how to manage money very well. </span></p><p> </p><p><span style="color: #0000ff">When Ron Carey walked he walked to save teamster control of those pension plans. He basically said the teamsters knew how to manage those plans better then UPS. 10 years later he was proved wrong.</span></p><p> </p><p><span style="color: #0000ff">The present CS retirees may end up losing out on the fix. In the long term future though retirees of the CS plan will sing ups's praises not Ron Careys. </span></p><p> </p><p><span style="color: #0000ff">As each economic crisis and recession hits these pension plans get deeper and deeper into trouble. These pension plans will now fix theirselves due to the new federal laws. They will fix theirselves by reducing benifits and or extending the' retirement age. </span></p><p> </p><p><span style="color: #0000ff">you folks need to challenge what these plans are doing now or you may very well end up with age 65 retirements and a fraction of the disbursement you currently enjoy. </span></p><p> </p><p><span style="color: #0000ff">So the short answer is if Ron Carey had struck ups AND fixed the penion plans then he would deserve the hero status you guys are trying to hand him. To me it looks like he fell way short on point two. </span></p></blockquote><p></p>
[QUOTE="tieguy, post: 761082, member: 1912"] [COLOR=blue]you should read the contract brownie they put extra money in your plan every year.[/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]It really does not matter whether it was one plan or many plans. Central states was the grandadday of them all. UPS has always felt that the teamsters did a poor job with the multi employer plans. They tried to buy them out in 97 thinking they could do a better job and probably save ups money in the long run. You can't argue that logic. UPS has shown they know how to manage money very well. [/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]When Ron Carey walked he walked to save teamster control of those pension plans. He basically said the teamsters knew how to manage those plans better then UPS. 10 years later he was proved wrong.[/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]The present CS retirees may end up losing out on the fix. In the long term future though retirees of the CS plan will sing ups's praises not Ron Careys. [/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]As each economic crisis and recession hits these pension plans get deeper and deeper into trouble. These pension plans will now fix theirselves due to the new federal laws. They will fix theirselves by reducing benifits and or extending the' retirement age. [/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]you folks need to challenge what these plans are doing now or you may very well end up with age 65 retirements and a fraction of the disbursement you currently enjoy. [/COLOR] [COLOR=#0000ff][/COLOR] [COLOR=#0000ff]So the short answer is if Ron Carey had struck ups AND fixed the penion plans then he would deserve the hero status you guys are trying to hand him. To me it looks like he fell way short on point two. [/COLOR] [/QUOTE]
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