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Brown Cafe UPS Forum
UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="Ironshot" data-source="post: 134143" data-attributes="member: 6881"><p>Jon boy are you skarred? The CS pension fund is a sinking ship men. Staying on board isn't going to keep it afloat but just a few days longer.. When the time comes I hope you're in the right place. The funding clock starts this Jan. 07... Seven yrs to 90 percent level.. fewer contributors into the fund... more boomers retiring...sounds like social security. Looks like the numbers don't add up here. If the gov't gets the CS fund you'll just get a few cents on the dollar. You see, SS is going broke about the year I expected to retire, I have figured the SS check to be my pocket cash. Out of the 1700 it was or is said to be worth per month... Since I am a UPSF driver and my pension is good where it is at 102 percent with a multi billion dollar company looking after it. I figure it is as good of a chance as any I'll see it as it is now. So no I will not endanger it by supporting the IBT.</p><p>For those of you near retirement you'll see my tax dollars cover your SS check.. enjoy! I am stuck helping you no matter what, no one should expect anyone to fork over their pension monies also. </p><p>You'll never see me as a member of the IBT... The "I'm a proud Teamster for Kerry" bumper sticker is reason enough.</p><p></p><p>I'll be APWA or at another job. "Principals"</p></blockquote><p></p>
[QUOTE="Ironshot, post: 134143, member: 6881"] Jon boy are you skarred? The CS pension fund is a sinking ship men. Staying on board isn't going to keep it afloat but just a few days longer.. When the time comes I hope you're in the right place. The funding clock starts this Jan. 07... Seven yrs to 90 percent level.. fewer contributors into the fund... more boomers retiring...sounds like social security. Looks like the numbers don't add up here. If the gov't gets the CS fund you'll just get a few cents on the dollar. You see, SS is going broke about the year I expected to retire, I have figured the SS check to be my pocket cash. Out of the 1700 it was or is said to be worth per month... Since I am a UPSF driver and my pension is good where it is at 102 percent with a multi billion dollar company looking after it. I figure it is as good of a chance as any I'll see it as it is now. So no I will not endanger it by supporting the IBT. For those of you near retirement you'll see my tax dollars cover your SS check.. enjoy! I am stuck helping you no matter what, no one should expect anyone to fork over their pension monies also. You'll never see me as a member of the IBT... The "I'm a proud Teamster for Kerry" bumper sticker is reason enough. I'll be APWA or at another job. "Principals" [/QUOTE]
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UPS subsidizing non ups pensions
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