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Brown Cafe UPS Forum
UPS Union Issues
Ups freight contract....
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<blockquote data-quote="Inthegame" data-source="post: 3660576" data-attributes="member: 37112"><p>The union has negotiated participation in IRA's for members, but IRA's, as their same indicates, are individual accounts with 100% risk on that individual.</p><p>Unions, as their name indicates, are focused on the group.</p><p>Members that aren't as financially savvy as you, (or don't have a second spousal income) benefit from participation in professionally managed pensions. </p><p>As you know, we're all not in CSPF.</p><p></p><p>Our average retiree draws 23.4+ years. Spousal benefits push that another 4.7 years. </p><p>My neighbors Teamster father retired at 56 and just turned 93. Mortality tables across the board have men living to 84, and continue to rise. </p><p>With the tip top shape UPS keeps you in, you'll make 100.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 3660576, member: 37112"] The union has negotiated participation in IRA's for members, but IRA's, as their same indicates, are individual accounts with 100% risk on that individual. Unions, as their name indicates, are focused on the group. Members that aren't as financially savvy as you, (or don't have a second spousal income) benefit from participation in professionally managed pensions. As you know, we're all not in CSPF. Our average retiree draws 23.4+ years. Spousal benefits push that another 4.7 years. My neighbors Teamster father retired at 56 and just turned 93. Mortality tables across the board have men living to 84, and continue to rise. With the tip top shape UPS keeps you in, you'll make 100. [/QUOTE]
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