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UPS Union Issues
UPS EMPLOYEES START NEW UNION!
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<blockquote data-quote="dannyboy" data-source="post: 55478"><p>Smart ass!</p><p></p><p>Actually you and I are saying the same thing. The persons that are in the central states are screwed, and long term screwed, because of all the extra non UPS baggage that they have to pay benefits on. And the fact that they can not be separated into UPS and non UPS retirees and UPS can not choose who gets the money. </p><p></p><p>THe analogy of the arm is that UPS knows that if they do not get rid of the large draw now, it will only get worse, and more UPS retirees will get hurt. Limit the scope of the damage now while they still can, instead of loosing not only the hand and arm, but also a shoulder as well or worse? Not a good position to be in when the decision is made, but it still has to be made. And yes, people will get hurt and loose much of what they have worked for. THat is one of the problems with the multi-employer plan. </p><p></p><p>But it is also a fact that it has become a major sinkhole for money that is not producing any type of benefit for the UPS retiree.</p><p></p><p>And for me, a new union with a new benefit plan, its too late. Shame something like this didnt come allong 5 or 10 years ago.</p><p></p><p>Personally, what I would love to see happen is that UPS is able to buy its way out of funds like the central states and have the money put into funds that return money on investments.</p><p></p><p>BTW, what are the actual numbers on central states, UPS % of active and UPS % of retired? I dont recall anyone ever stating those numbers. </p><p></p><p>Also what is the amount that UPS puts into central states?</p><p></p><p>My retirement book says that I am vested after 5 years. " "things danny and I wish for" section."</p><p>I guess the tooth fairy must like me more than you</p><p></p><p>best</p><p></p><p>d</p></blockquote><p></p>
[QUOTE="dannyboy, post: 55478"] Smart ass! Actually you and I are saying the same thing. The persons that are in the central states are screwed, and long term screwed, because of all the extra non UPS baggage that they have to pay benefits on. And the fact that they can not be separated into UPS and non UPS retirees and UPS can not choose who gets the money. THe analogy of the arm is that UPS knows that if they do not get rid of the large draw now, it will only get worse, and more UPS retirees will get hurt. Limit the scope of the damage now while they still can, instead of loosing not only the hand and arm, but also a shoulder as well or worse? Not a good position to be in when the decision is made, but it still has to be made. And yes, people will get hurt and loose much of what they have worked for. THat is one of the problems with the multi-employer plan. But it is also a fact that it has become a major sinkhole for money that is not producing any type of benefit for the UPS retiree. And for me, a new union with a new benefit plan, its too late. Shame something like this didnt come allong 5 or 10 years ago. Personally, what I would love to see happen is that UPS is able to buy its way out of funds like the central states and have the money put into funds that return money on investments. BTW, what are the actual numbers on central states, UPS % of active and UPS % of retired? I dont recall anyone ever stating those numbers. Also what is the amount that UPS puts into central states? My retirement book says that I am vested after 5 years. " "things danny and I wish for" section." I guess the tooth fairy must like me more than you best d [/QUOTE]
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