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Brown Cafe UPS Forum
UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="705red" data-source="post: 195951" data-attributes="member: 5229"><p>I agree to a point, you have just retired and your company goes under, should you lose what you have earned to that point, or should your pension become say 50% of it because your old company no longer pays into the plan?</p><p> </p><p>Companies come and go and is it fair to penalize already retired retirees? Our problem is with the cs and obviously some very bad investments not with the retirees. </p><p> </p><p>If we option out are we turning our backs on the retirees and saying we dont care about you?</p><p> </p><p>Or should we stay and fight and help the plan stabilize and carry some of the burden of the retired teamsters?</p><p> </p><p>Not picking sides just looking through several different sets of eyes at the overall big picture.</p></blockquote><p></p>
[QUOTE="705red, post: 195951, member: 5229"] I agree to a point, you have just retired and your company goes under, should you lose what you have earned to that point, or should your pension become say 50% of it because your old company no longer pays into the plan? Companies come and go and is it fair to penalize already retired retirees? Our problem is with the cs and obviously some very bad investments not with the retirees. If we option out are we turning our backs on the retirees and saying we dont care about you? Or should we stay and fight and help the plan stabilize and carry some of the burden of the retired teamsters? Not picking sides just looking through several different sets of eyes at the overall big picture. [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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