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UPS Union Issues
"To all UPS Employees concerned about their pensions & Benefits" !!!!!!
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<blockquote data-quote="Pip" data-source="post: 121598" data-attributes="member: 6039"><p>wkmac, I see what your saying and point taken. i am still curiously concerned to a couple things here though. I hope i can make this understandable, so bear with me.</p><p> </p><p>At this point in time, everything is hypothetical there is nothing concrete yet one way or the other. Going along the lines of your last post and the IBT was kicked out and the APWA was in. That would mean that the cashcow IBT gets now towards pensions would essentially be gone. It's no secret that UPS is basicly the only major contributor to the pension. If that was to happen, then most likely sooner rather then later the IBT pension would dry up.</p><p> </p><p>I've heard here that the APWA would have plans to go to the courts to get access to the remainder of the UPS portion of the pensions from the IBT. looking at a 3 to 5 yr window in the court system, with no guarantee.</p><p> </p><p> Now saying that the switch happens, IBT is voted out and APWA is voted in, 10 yrs down the road I'm looking to retire. I know I'm going to get a pension for the 10 yrs with the APWA. BUT, I really and honestly at this point don't know if I am going to be able to collect a pension from the IBT for my 20 yrs served. At this point there is no guarantee APWA would have won in the court system the UPS portion from the IBT. In the mean time IBT's pension funds are dwindling rapidly, IF there even still in business by then. </p><p> </p><p>I can't help but think that if UPS leaves the IBT, then the IBT will basicly go belly up. with that said, The pension I would be due from the IBT might not even be there to collect from. </p><p> </p><p>I have to say that I am at a cross roads to say the least. I see some positive things being said from APWA, at this point in time it is just all speculation there is nothing on paper and nothing concrete. I guess it is the not knowing what the future brings that is the worst.</p><p> </p><p>I am not ignorant to the fact of the directions IBT is headed. I have heavy feelings towards the person who came up with the idea of the multi-employer pension funds. This very program is what has gotten us to this point of possibly in the near future having to make some very hard decisions of the direction we as a union need to take.</p><p> </p><p>I see a division amongst the membership on this matter happening. I</p><p>would hope it would not get to the point that it tears the membership apart.The possibility is there for it to happen. This whole matter could get very ugly before it gets better. I feel something does have to be done, but I don't think the answer is clear yet. I don't think it is as easy as calling a 1-900 number and spending $1.99 per minute to get a look in a crystal ball will answer my questions either.</p><p> </p><p>I guess in a nutshell, there is still a lot of unanswered questions that need concrete answers, to my thinking. It's a shame we even have to be thinking about this at all. It shouldn't have come to this point. But it has and hopefully one way or the other it will work out.</p></blockquote><p></p>
[QUOTE="Pip, post: 121598, member: 6039"] wkmac, I see what your saying and point taken. i am still curiously concerned to a couple things here though. I hope i can make this understandable, so bear with me. At this point in time, everything is hypothetical there is nothing concrete yet one way or the other. Going along the lines of your last post and the IBT was kicked out and the APWA was in. That would mean that the cashcow IBT gets now towards pensions would essentially be gone. It's no secret that UPS is basicly the only major contributor to the pension. If that was to happen, then most likely sooner rather then later the IBT pension would dry up. I've heard here that the APWA would have plans to go to the courts to get access to the remainder of the UPS portion of the pensions from the IBT. looking at a 3 to 5 yr window in the court system, with no guarantee. Now saying that the switch happens, IBT is voted out and APWA is voted in, 10 yrs down the road I'm looking to retire. I know I'm going to get a pension for the 10 yrs with the APWA. BUT, I really and honestly at this point don't know if I am going to be able to collect a pension from the IBT for my 20 yrs served. At this point there is no guarantee APWA would have won in the court system the UPS portion from the IBT. In the mean time IBT's pension funds are dwindling rapidly, IF there even still in business by then. I can't help but think that if UPS leaves the IBT, then the IBT will basicly go belly up. with that said, The pension I would be due from the IBT might not even be there to collect from. I have to say that I am at a cross roads to say the least. I see some positive things being said from APWA, at this point in time it is just all speculation there is nothing on paper and nothing concrete. I guess it is the not knowing what the future brings that is the worst. I am not ignorant to the fact of the directions IBT is headed. I have heavy feelings towards the person who came up with the idea of the multi-employer pension funds. This very program is what has gotten us to this point of possibly in the near future having to make some very hard decisions of the direction we as a union need to take. I see a division amongst the membership on this matter happening. I would hope it would not get to the point that it tears the membership apart.The possibility is there for it to happen. This whole matter could get very ugly before it gets better. I feel something does have to be done, but I don't think the answer is clear yet. I don't think it is as easy as calling a 1-900 number and spending $1.99 per minute to get a look in a crystal ball will answer my questions either. I guess in a nutshell, there is still a lot of unanswered questions that need concrete answers, to my thinking. It's a shame we even have to be thinking about this at all. It shouldn't have come to this point. But it has and hopefully one way or the other it will work out. [/QUOTE]
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