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Brown Cafe UPS Forum
UPS Union Issues
Sandy Pope
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 788145" data-attributes="member: 12570"><p>The pension fund is not bankrupt. It is in critical status and the rehabilitation plan (Schedule E) will bring it back to where it needs to be. The economic downturn in 2008-09 and the fact that they are paying out more than they are taking in have led us to where we are today. We have retirees making more in retirement than they were while they were working, some as high as $6K/month. Were you as confused by the paperwork that you received this week as I was? I thought the issue was resolved. I would much rather give up a few pennies today to have a healthy pension when I retire in 9 years.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 788145, member: 12570"] The pension fund is not bankrupt. It is in critical status and the rehabilitation plan (Schedule E) will bring it back to where it needs to be. The economic downturn in 2008-09 and the fact that they are paying out more than they are taking in have led us to where we are today. We have retirees making more in retirement than they were while they were working, some as high as $6K/month. Were you as confused by the paperwork that you received this week as I was? I thought the issue was resolved. I would much rather give up a few pennies today to have a healthy pension when I retire in 9 years. [/QUOTE]
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