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Brown Cafe UPS Forum
UPS Union Issues
ups agrees to buy tnt express for 6.8 billion
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<blockquote data-quote="slantnosechevy" data-source="post: 974392" data-attributes="member: 21514"><p><strong>Re: ups agrees to buy tnt</strong></p><p></p><p></p><p></p><p></p><p>Pension plans must receive 7.5% on their investments just to keep up with retirees and all the administrative costs that go along with running the plan. These Pension Plans were started when UPS was a small company and the multi-employers carried their members. </p><p></p><p>You say UPS put 600 million extra into what plan????? UPS puts no more than is contractually agreed upon into a plan.</p><p></p><p>Take a good look at what just happened in one of the biggest (UPS member) locals in the country. Local 705 which is a TDU local lost over a billion because of bad investments.</p><p></p><p>The alternative is get rid of the union and trust UPS to give you what they think you should get. Everyone knows how that would work out.</p></blockquote><p></p>
[QUOTE="slantnosechevy, post: 974392, member: 21514"] [b]Re: ups agrees to buy tnt[/b] Pension plans must receive 7.5% on their investments just to keep up with retirees and all the administrative costs that go along with running the plan. These Pension Plans were started when UPS was a small company and the multi-employers carried their members. You say UPS put 600 million extra into what plan????? UPS puts no more than is contractually agreed upon into a plan. Take a good look at what just happened in one of the biggest (UPS member) locals in the country. Local 705 which is a TDU local lost over a billion because of bad investments. The alternative is get rid of the union and trust UPS to give you what they think you should get. Everyone knows how that would work out. [/QUOTE]
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ups agrees to buy tnt express for 6.8 billion
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