B
BrownBoner
Guest
Why will my Teamster Pension be so low compared to Mechanics ?......
Why will my Teamster Pension be so low compared to Mechanics ?......
....Do you think we will ever get the same type of deal that UPS Management get with the increased matching 401k portable plan ?.......I hear that UPS is going to get out of the old time pension business and started this year with the revamped portable pension for its management people..........I would sure like that option so I wouldnt be chained to either the Teamsters or UPS.....Scratch i guess it has nothing to do with the mechanics taking a pay freeze and diverting that money into their retirement by any chance. I will agree with a declining memebership, but when you compare the iam to the teamsters they are not a stronger union at least here in my neck of the woods. We have no idea what the pension will look like 10, 15 years down the road. Only the money that gets put into the pension plans are negioated during contracts, the pension payment can change one way or the other at any time during the life of the agreement.
Do the mechanics get to stay in their group health plan and if so is that insurance at a reduced rate as it is in my Teamster pension? This could account for quite a bit of the differential.Why will my Teamster Pension be so low compared to Mechanics ?......
...my info says that UPS pays their health care 100% plus their monthly pension is adjusted yearly for inflation.......Do the mechanics get to stay in their group health plan and if so is that insurance at a reduced rate as it is in my Teamster pension? This could account for quite a bit of the differential.
....Do you think we will ever get the same type of deal that UPS Management get with the increased matching 401k portable plan ?.......I hear that UPS is going to get out of the old time pension business and started this year with the revamped portable pension for its management people..........I would sure like that option so I wouldnt be chained to either the Teamsters or UPS.....