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The Latest UPS Headlines
Tensions at UPS are brewing between leadership and unionized drivers as the new CEO doubles down on drivers who make deliveries in their own cars
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<blockquote data-quote="brownIEman" data-source="post: 4888479" data-attributes="member: 14596"><p>They are going to have to try to reduce the costs of the pensions. It's simple math. The pension calculations have always been based on growth, always having more active employees paying in than retirees drawing out. The growth slows or stops and the funds will fail. </p><p></p><p>That was not my point. </p><p></p><p>The union told you that they asked to move from the multi employer plans to single employer UPS plan because they wanted to destroy the pension and would do so as soon as they got 'control'.</p><p>Well, they did get the single employer plan on 2007, and they did not immediately destroy it. Why not? Out of the kindness of their little corporate hearts?</p><p>No, because they could not without renegotiating and getting the teamsters to agree. UPS never got 'control' of the pensions. They never would have gotten control back in '97 either, that was never part of the proposal. Your union lied to you about that to get your fired up and keep you in the fight.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 4888479, member: 14596"] They are going to have to try to reduce the costs of the pensions. It's simple math. The pension calculations have always been based on growth, always having more active employees paying in than retirees drawing out. The growth slows or stops and the funds will fail. That was not my point. The union told you that they asked to move from the multi employer plans to single employer UPS plan because they wanted to destroy the pension and would do so as soon as they got 'control'. Well, they did get the single employer plan on 2007, and they did not immediately destroy it. Why not? Out of the kindness of their little corporate hearts? No, because they could not without renegotiating and getting the teamsters to agree. UPS never got 'control' of the pensions. They never would have gotten control back in '97 either, that was never part of the proposal. Your union lied to you about that to get your fired up and keep you in the fight. [/QUOTE]
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Brown Cafe UPS Forum
The Latest UPS Headlines
Tensions at UPS are brewing between leadership and unionized drivers as the new CEO doubles down on drivers who make deliveries in their own cars
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