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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="jware" data-source="post: 198144" data-attributes="member: 8684"><p>I kind of agree with you. Its hard for me to see how any UPS'er can think differntly. I may be a little off on my figures, but Ive been told that only about $.60 of every dollar UPS puts into my pension fund actually goes to me. Now Im all for helping out, but that seems a little extreme. Not to mention that the fund is still in <u><strong>very bad</strong></u> shape. I'm not being selfish or saying we need to leave others out to dry. However, I for one am not ready to sell <strong>my</strong> or my<strong> famlies </strong>future out for someone else. especially for a system that bound to fail in the long run. Again, look at social security. Its the same concept, a failed concept. In a perfect world we would recieve the money in our own retirement account (IRA, ROTH IRA). I dont see that happening however. I hope UPS'ers think hard about whats being offered, there's no guarantees in life, however just look at the present. <strong>Our plan is still underfunded despite the cuts that have been implemented, and a stock market thats at an all time high. </strong>Where does the light at the end of the tunnel come from?</p></blockquote><p></p>
[QUOTE="jware, post: 198144, member: 8684"] I kind of agree with you. Its hard for me to see how any UPS'er can think differntly. I may be a little off on my figures, but Ive been told that only about $.60 of every dollar UPS puts into my pension fund actually goes to me. Now Im all for helping out, but that seems a little extreme. Not to mention that the fund is still in [U][B]very bad[/B][/U] shape. I'm not being selfish or saying we need to leave others out to dry. However, I for one am not ready to sell [B]my[/B] or my[B] famlies [/B]future out for someone else. especially for a system that bound to fail in the long run. Again, look at social security. Its the same concept, a failed concept. In a perfect world we would recieve the money in our own retirement account (IRA, ROTH IRA). I dont see that happening however. I hope UPS'ers think hard about whats being offered, there's no guarantees in life, however just look at the present. [B]Our plan is still underfunded despite the cuts that have been implemented, and a stock market thats at an all time high. [/B]Where does the light at the end of the tunnel come from? [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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