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Brown Cafe UPS Forum
UPS Union Issues
UPS EMPLOYEES START NEW UNION!
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<blockquote data-quote="tieguy" data-source="post: 55388"><p>"Just too may loop holes from what I have seen. While I dont trust the teamsters or for that matter UPS, what makes you think that we ought to trust someone promising the moon?" </p><p> </p><p>Danny don't trust the company, trust the regulatory guidelines. The teamster multi=employer plans do not have to meet the strict regulatory guidelines of a single employer plan. The teamsters plan when they fail and some will fail will only be insured for up to a 1000 dollars a month for each retiree, the single employer plans have to meet much more stringent oversight and are therefore insured for up to 4 thouseand per retiree per month. </p><p> </p><p>This is a cold hard fact of pensions that the teamsters union does not want you to know about.</p></blockquote><p></p>
[QUOTE="tieguy, post: 55388"] "Just too may loop holes from what I have seen. While I dont trust the teamsters or for that matter UPS, what makes you think that we ought to trust someone promising the moon?" Danny don't trust the company, trust the regulatory guidelines. The teamster multi=employer plans do not have to meet the strict regulatory guidelines of a single employer plan. The teamsters plan when they fail and some will fail will only be insured for up to a 1000 dollars a month for each retiree, the single employer plans have to meet much more stringent oversight and are therefore insured for up to 4 thouseand per retiree per month. This is a cold hard fact of pensions that the teamsters union does not want you to know about. [/QUOTE]
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UPS EMPLOYEES START NEW UNION!
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