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Teamsters face 31 percent pension cut
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<blockquote data-quote="Brownslave688" data-source="post: 2705285" data-attributes="member: 34439"><p>No it's easy to blame it on fewer workers. But a properly ran pension plan should not depend on current contributions for past benefits.</p><p></p><p></p><p>Take [USER=12570]@UpstateNYUPSer[/USER] pension. The $50 a week or whatever it was at the beginning of his career was nowhere near enough to promise a 5k a month pension.</p><p></p><p></p><p>But why on earth would the union say we mismanaged and overpromised on your pension? When most members will keep drinking the kool aid that we need more members paying in.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 2705285, member: 34439"] No it's easy to blame it on fewer workers. But a properly ran pension plan should not depend on current contributions for past benefits. Take [USER=12570]@UpstateNYUPSer[/USER] pension. The $50 a week or whatever it was at the beginning of his career was nowhere near enough to promise a 5k a month pension. But why on earth would the union say we mismanaged and overpromised on your pension? When most members will keep drinking the kool aid that we need more members paying in. [/QUOTE]
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Teamsters face 31 percent pension cut
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