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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: 196222" data-attributes="member: 5229"><p>You have some interesting points of view, i to am happy with the pay. But what worries me is the change of the pension from a multi-employer to a ups-teamster pension. If ups continues to grow and stay the top dog then theres no worries, but if businees slips and we lose a fair market share over the next 30 plus years we will be revisiting a whole nother pension crisis! Example look at the uaw, once the big dog now not even a puppy anymore. Who will float our (retirees) pensions if that shoud happen. If ups cuts there workforce in half over the next 50 years and you have 200,000 pensioners drawing from it, thers no one else to float it. Now with the multi-employer fund we would be a burden on the then top dog pension fund contributer, and also have other companies assisting. We all hope that ups will continue to be the big dog, but as history has shown its not that likely!</p></blockquote><p></p>
[QUOTE="705red, post: 196222, member: 5229"] You have some interesting points of view, i to am happy with the pay. But what worries me is the change of the pension from a multi-employer to a ups-teamster pension. If ups continues to grow and stay the top dog then theres no worries, but if businees slips and we lose a fair market share over the next 30 plus years we will be revisiting a whole nother pension crisis! Example look at the uaw, once the big dog now not even a puppy anymore. Who will float our (retirees) pensions if that shoud happen. If ups cuts there workforce in half over the next 50 years and you have 200,000 pensioners drawing from it, thers no one else to float it. Now with the multi-employer fund we would be a burden on the then top dog pension fund contributer, and also have other companies assisting. We all hope that ups will continue to be the big dog, but as history has shown its not that likely! [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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