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Brown Cafe UPS Forum
UPS Union Issues
Think it thru....Pension Takeover
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<blockquote data-quote="scratch" data-source="post: 242436" data-attributes="member: 1674"><p>705red,</p><p>Personally, I think that it is already pretty much a done deal, based on the IBT pushing the October date and UPS gathering current mailing info. UPS has been sitting on a large pile of cash for a long time and is getting ready to spend it. The new pension laws go into effect at the end of the year,so I expect things to get interesting fast. Right now, the rumor mill has all kind of stuff going, 4.6 to 12 billion to fix pensions, etc. I have the attitude of waiting to see whats in writing before I make my mind up. I start year thirty-three next month, and I am 49, and am trying to not get too excited. It has got to be a good deal to get us to take it, but we have to figure out if the givebacks are worth it. I expect that the whole country will be in on it, and I hope that we will all benefit. I think that UPS and the Teamsters have learned a lot from the mistakes made ten years ago, for example; A strike vote before the members get pension reform info. The good thing about the Brown Cafe, UPS employees from all over the world can share information with each other. We just have to decide for ourselves what is BS and what is not.</p></blockquote><p></p>
[QUOTE="scratch, post: 242436, member: 1674"] 705red, Personally, I think that it is already pretty much a done deal, based on the IBT pushing the October date and UPS gathering current mailing info. UPS has been sitting on a large pile of cash for a long time and is getting ready to spend it. The new pension laws go into effect at the end of the year,so I expect things to get interesting fast. Right now, the rumor mill has all kind of stuff going, 4.6 to 12 billion to fix pensions, etc. I have the attitude of waiting to see whats in writing before I make my mind up. I start year thirty-three next month, and I am 49, and am trying to not get too excited. It has got to be a good deal to get us to take it, but we have to figure out if the givebacks are worth it. I expect that the whole country will be in on it, and I hope that we will all benefit. I think that UPS and the Teamsters have learned a lot from the mistakes made ten years ago, for example; A strike vote before the members get pension reform info. The good thing about the Brown Cafe, UPS employees from all over the world can share information with each other. We just have to decide for ourselves what is BS and what is not. [/QUOTE]
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Think it thru....Pension Takeover
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