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 Discussions
Teamsters pension cut
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="BigUnionGuy" data-source="post: 2682159" data-attributes="member: 4992"><p>That statement is misleading.</p><p></p><p></p><p>The company paid the negotiated contribution rate.</p><p></p><p>But, you can't blame the Union for the deregulation of the trucking industry or</p><p></p><p>the swings in the stock market. More retirees than contributors, is the problem.</p><p></p><p>You would to need to make consistent, double digit returns on investments to keep up.</p><p></p><p></p><p>In the case of Central States, it's not like you have a couple of elected Union officials</p><p></p><p>managing and investing billions of dollars.</p><p></p><p></p><p>The thing that pisses most people off, they don't have control over those funds</p><p></p><p>to manage themselves and it's pooled with others. Which I understand.</p><p></p><p>But, it's not an option otherwise.</p><p></p><p></p><p>Being in this job, you are a part of a defined pension plan.... like it or not.</p><p></p><p></p><p></p><p>-Bug-</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 2682159, member: 4992"] That statement is misleading. The company paid the negotiated contribution rate. But, you can't blame the Union for the deregulation of the trucking industry or the swings in the stock market. More retirees than contributors, is the problem. You would to need to make consistent, double digit returns on investments to keep up. In the case of Central States, it's not like you have a couple of elected Union officials managing and investing billions of dollars. The thing that pisses most people off, they don't have control over those funds to manage themselves and it's pooled with others. Which I understand. But, it's not an option otherwise. Being in this job, you are a part of a defined pension plan.... like it or not. -Bug- [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Teamsters pension cut
Top