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Brown Cafe UPS Forum
UPS Union Issues
tentative contract now online
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<blockquote data-quote="OZZ" data-source="post: 253923"><p>I feel that the guys who are depending on CS for the long haul are being thrown to the wolves. UPS will pull out and make the fund slightly better off in the short run(70% funded) But UPS for years has said it contrbutes far more than their fair share because of all the retirees from now non-existing and now non-contributing trucking firms pulling from the same pot(CS). So that means year after year UPS won't be contributing, and CS will be worse off. I am not going to count on the 25+ years I have in CS. I will probally not retire untill I have over 40 years in , if even then. I'm sorry if the news is bleak but it doesn't look good long term, and someone has to say it. The pension is why I stayed so long at UPS. I can't see why anyone with 10 or more years in CS would like this deal.</p></blockquote><p></p>
[QUOTE="OZZ, post: 253923"] I feel that the guys who are depending on CS for the long haul are being thrown to the wolves. UPS will pull out and make the fund slightly better off in the short run(70% funded) But UPS for years has said it contrbutes far more than their fair share because of all the retirees from now non-existing and now non-contributing trucking firms pulling from the same pot(CS). So that means year after year UPS won't be contributing, and CS will be worse off. I am not going to count on the 25+ years I have in CS. I will probally not retire untill I have over 40 years in , if even then. I'm sorry if the news is bleak but it doesn't look good long term, and someone has to say it. The pension is why I stayed so long at UPS. I can't see why anyone with 10 or more years in CS would like this deal. [/QUOTE]
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tentative contract now online
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