Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Surrending CS Pension?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="traveler" data-source="post: 72684" data-attributes="member: 1954"><p>Therein lies the one part of the problem. Much like Social Security this follows the definition of a "Ponzi Scheme" and as such, neither can work in the long run. <img src="/community/styles/default/xenforo/smilies/group2/eek.gif" class="smilie" loading="lazy" alt=":eek:" title="Eek :eek:" data-shortname=":eek:" /> </p><p> </p><p>Now on to a thought that has been running through my head as this debate progressed:</p><p> </p><p>After negotiations the teamsters make a recommendation on whether or not to vote for the contract offered. Am I wrong or were not all the contracts approved by the teamsters for a yes vote. As such, the teamsters did you all quite a disservice! <img src="/community/styles/default/xenforo/smilies/frown.png" class="smilie" loading="lazy" alt=":(" title="Frown :(" data-shortname=":(" /> Yes, yes, I know you may say the company is equally at fault but would they know the particulars of the state of the fund's finances? As to the one UPS management person on the board, there is no way he could out-vote the five teamsters and management of defunct companies. Also, if the teamsters knew that the fund had a problem (and I do hope they did) why did they wait until it was so far underfunded that it was on the edge of bankrupcy to change the rules?</p></blockquote><p></p>
[QUOTE="traveler, post: 72684, member: 1954"] Therein lies the one part of the problem. Much like Social Security this follows the definition of a "Ponzi Scheme" and as such, neither can work in the long run. :eek: Now on to a thought that has been running through my head as this debate progressed: After negotiations the teamsters make a recommendation on whether or not to vote for the contract offered. Am I wrong or were not all the contracts approved by the teamsters for a yes vote. As such, the teamsters did you all quite a disservice! :( Yes, yes, I know you may say the company is equally at fault but would they know the particulars of the state of the fund's finances? As to the one UPS management person on the board, there is no way he could out-vote the five teamsters and management of defunct companies. Also, if the teamsters knew that the fund had a problem (and I do hope they did) why did they wait until it was so far underfunded that it was on the edge of bankrupcy to change the rules? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Surrending CS Pension?
Top