Teamsters to explore pension cut options going forward

cheryl

I started this.
Staff member
Teamsters to explore pension cut options going forward - Times Union

October marked the start of a 29 percent monthly pension cut for thousands of retired upstate New York Teamsters.

But they are hoping that one of the union's major employers, the UPS package delivery firm, can help them ease those cuts with the help of loans from the federal government.

While some pension activists and union members have pondered such a loan for a while, Baum notes that UPS has lobbying power necessary to open doors in Congress.
 

TearsInRain

IE boogeyman
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UpstateNYUPSer(Ret)

Well-Known Member
There is a meeting tomorrow in Albany (NY) with representatives from both the Company and Pension Fund. Rumor is the Company wants to take over our pension with 15% cuts across the board.
 
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