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Brown Cafe UPS Forum
UPS Union Issues
Teamster Pensions way low
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<blockquote data-quote="scratch" data-source="post: 306344" data-attributes="member: 1674"><p>Mainly because the IAM runs a much better pension fund. The Teamsters have been losing members for decades with all these union companies going out of business. So there are more retirees taking money out of the pension funds than current employees putting money in. Plus a few bad investment decisions by people running the pension funds. And in the past, organized crime used some of these funds like a piggybank. We used to have someone in my Local drawing four Teamster Pensions and salaries while supposedly holding four different offices. He didn't work 160 hours a week either...............</p></blockquote><p></p>
[QUOTE="scratch, post: 306344, member: 1674"] Mainly because the IAM runs a much better pension fund. The Teamsters have been losing members for decades with all these union companies going out of business. So there are more retirees taking money out of the pension funds than current employees putting money in. Plus a few bad investment decisions by people running the pension funds. And in the past, organized crime used some of these funds like a piggybank. We used to have someone in my Local drawing four Teamster Pensions and salaries while supposedly holding four different offices. He didn't work 160 hours a week either............... [/QUOTE]
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