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Brown Cafe UPS Forum
UPS Union Issues
Six Locals Left Fighting It Out
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<blockquote data-quote="balland chain" data-source="post: 1132546" data-attributes="member: 43608"><p>Actually the Central States fund was in such a critical state during the last contract that UPS had to give them 9 BILLION dollars to get them out of the red, AND, also in the contract it is written that if/when the Central States fund goes bankrupt that UPS will pick up the difference. As it stands I will get 19 years pension from central states when I retire and the rest from UPS.. When Central States goes under (just a matter of time) UPS will pick up those 19 years.. So, even with UPS giving them 9 Billion 5 or so years ago, the fund is NOT in good shape. Now that UPS controls the pension (since last contract) a 200 increase for our pension in Southeast, is B**L<img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /> when others are getting way more than our current 3000 a month for 30 years...</p></blockquote><p></p>
[QUOTE="balland chain, post: 1132546, member: 43608"] Actually the Central States fund was in such a critical state during the last contract that UPS had to give them 9 BILLION dollars to get them out of the red, AND, also in the contract it is written that if/when the Central States fund goes bankrupt that UPS will pick up the difference. As it stands I will get 19 years pension from central states when I retire and the rest from UPS.. When Central States goes under (just a matter of time) UPS will pick up those 19 years.. So, even with UPS giving them 9 Billion 5 or so years ago, the fund is NOT in good shape. Now that UPS controls the pension (since last contract) a 200 increase for our pension in Southeast, is B**L[IMG]*[/IMG][IMG]*[/IMG][IMG]*[/IMG][IMG]*[/IMG][IMG]*[/IMG] when others are getting way more than our current 3000 a month for 30 years... [/QUOTE]
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