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Brown Cafe UPS Forum
UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="ups79" data-source="post: 119090" data-attributes="member: 2004"><p>The point is that UPS is not subsidizing non UPS pensions. Apwa will have no means to better your pension(unless of course the vehicle for investment provides a better return than that which is provided through the teamsters), but then again that depends upon what risk you want them to take for your retirement. It appears to me that the locals who not only control your pension, but also controls your health benefits are the ones that are hurting. Some locals do not control your health benefits, they are administered by UPS.</p><p>If apwa could provide what they say they could, the only ones that benefit from this would be those who have yet to even be hired. The nearer you are to retiring, the less you would gain(if you were to gain anything at all).</p></blockquote><p></p>
[QUOTE="ups79, post: 119090, member: 2004"] The point is that UPS is not subsidizing non UPS pensions. Apwa will have no means to better your pension(unless of course the vehicle for investment provides a better return than that which is provided through the teamsters), but then again that depends upon what risk you want them to take for your retirement. It appears to me that the locals who not only control your pension, but also controls your health benefits are the ones that are hurting. Some locals do not control your health benefits, they are administered by UPS. If apwa could provide what they say they could, the only ones that benefit from this would be those who have yet to even be hired. The nearer you are to retiring, the less you would gain(if you were to gain anything at all). [/QUOTE]
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