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UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="RockyRogue" data-source="post: 196031" data-attributes="member: 7185"><p>I thought those were one and the same <img src="/community/styles/default/xenforo/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" />. I've never shied from a fight with you, Goose. I've also never denied being an opinionated SOB! </p><p> </p><p></p><p> </p><p>Red, you're kicking a bees nest with that question about the "right" thing. In some ways, the "right" thing would be to cut bait. That having been said, there are <strong>many</strong> retirees covered by Central States, many of them not retired UPS'ers. I guess the "right" thing would depend on this: do we think its <em>right</em> to trust CS to pay these retirees? I have my opinion on that one--one as a human being, the other as a UPS employee. Sometimes, the two may be in conflict. Regardless, I think its the best long-term solution to the pension problem at this time. This is the best option as far as <em>keeping </em>the pension--for now. Do you (or anyone else) have a better idea???</p><p> </p><p>And lets be one 100% clear: <strong><u>UPS <em>will not</em> fund Central States to its fully-funded level</u></strong>. Doing so would result in a justifiable <em>lynching</em> of UPS corporate management by shareholders not employed by UPS. OK...I think I'm done for now. Let the flaming begin! -Rocky</p></blockquote><p></p>
[QUOTE="RockyRogue, post: 196031, member: 7185"] I thought those were one and the same :). I've never shied from a fight with you, Goose. I've also never denied being an opinionated SOB! Red, you're kicking a bees nest with that question about the "right" thing. In some ways, the "right" thing would be to cut bait. That having been said, there are [B]many[/B] retirees covered by Central States, many of them not retired UPS'ers. I guess the "right" thing would depend on this: do we think its [I]right[/I] to trust CS to pay these retirees? I have my opinion on that one--one as a human being, the other as a UPS employee. Sometimes, the two may be in conflict. Regardless, I think its the best long-term solution to the pension problem at this time. This is the best option as far as [I]keeping [/I]the pension--for now. Do you (or anyone else) have a better idea??? And lets be one 100% clear: [B][U]UPS [I]will not[/I] fund Central States to its fully-funded level[/U][/B]. Doing so would result in a justifiable [I]lynching[/I] of UPS corporate management by shareholders not employed by UPS. OK...I think I'm done for now. Let the flaming begin! -Rocky [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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