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Brown Cafe UPS Forum
UPS Retirement Topics
Surrending CS Pension?
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<blockquote data-quote="brett636" data-source="post: 72586" data-attributes="member: 249"><p>In regards to the original post- this message has been brought to you by the official APWA propoganda machine. If you wish to be fully indoctrinated please visit our web page, talk to our officials, and absolutly NEVER question us. </p><p></p><p>In regards to the issue at hand- There are good viable solutions to to solving the issues of CS. The main problem is getting everybody to agree on one. I don't want to see UPS left holding the CS bag, but what are the chances of that occurring? </p><p></p><p>Now, I am just a part-timer right now, but here is my take on the issue. I believe an exclusive UPS/teamster run pension is the best solution in the long run. I know some people on here are against UPS having control over the pension, but we are talking about profitable company with a long established history of success. Plus the fund wouldn't be exclusivly controlled by UPS so the chances of UPS raiding the fund would be nil. My biggest reason for saying all of this is that as a UPS employee I am adding to the UPS bottom line with my work. Why should money that I helped UPS make go pay for someone's retirement who never worked a day in their life for UPS. With the money UPS pays into CS, it should provide a much better retirement than it currently does, but how long are we going to have to wait for CS to get turned around? Is CS ever going to get turned around(no APWA comments please)? </p><p></p><p>Personally, I would love to see UPS do a matching 401k contribution for hourlys. Coupling that with a UPS/Teamster pension fund would mean one happy retirement for those that are involved.</p></blockquote><p></p>
[QUOTE="brett636, post: 72586, member: 249"] In regards to the original post- this message has been brought to you by the official APWA propoganda machine. If you wish to be fully indoctrinated please visit our web page, talk to our officials, and absolutly NEVER question us. In regards to the issue at hand- There are good viable solutions to to solving the issues of CS. The main problem is getting everybody to agree on one. I don't want to see UPS left holding the CS bag, but what are the chances of that occurring? Now, I am just a part-timer right now, but here is my take on the issue. I believe an exclusive UPS/teamster run pension is the best solution in the long run. I know some people on here are against UPS having control over the pension, but we are talking about profitable company with a long established history of success. Plus the fund wouldn't be exclusivly controlled by UPS so the chances of UPS raiding the fund would be nil. My biggest reason for saying all of this is that as a UPS employee I am adding to the UPS bottom line with my work. Why should money that I helped UPS make go pay for someone's retirement who never worked a day in their life for UPS. With the money UPS pays into CS, it should provide a much better retirement than it currently does, but how long are we going to have to wait for CS to get turned around? Is CS ever going to get turned around(no APWA comments please)? Personally, I would love to see UPS do a matching 401k contribution for hourlys. Coupling that with a UPS/Teamster pension fund would mean one happy retirement for those that are involved. [/QUOTE]
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