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UPS Union Issues
UPS/Teamster negotiations moving fast
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<blockquote data-quote="18wheelbrownie" data-source="post: 240836" data-attributes="member: 5398"><p>It is important to note that while the Central States Fund </p><p>has been enjoying better than average earnings for the past sev- </p><p>eral years, it is still burdened by the investment losses suffered </p><p>when the stock market collapsed in 2000-2002.<span style="color: Black"><u><u> The Fund has </u></u></span></p><p><span style="color: Black"><u><u>also recently made certain changes relating to the way it meas- </u></u></span></p><p><span style="color: Black"><u><u>ures its “funding percentage” as mentioned above. As a result, </u></u></span></p><p><span style="color: Black"><u><u>and despite its more recent investment successes, the Fund’s cur- </u></u></span></p><p><span style="color: Black"><u><u>rent funding ratio is actually lower than it was at the start of this </u></u></span></p><p><span style="color: Black"><u><u>year</u></u>.</span> That is why a large cash payment in advance by UPS would </p><p>be beneficial to the overall health of the fund.<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /></p><p>this is a quote by hoffa,check out what he is saying,they know the funding % is much lower now than at the beginning of the year! remember the 2006 pension report will be out the 4th quarter of this year and available to its members then, but what you don't know is they knew this for 8 months!<img src="/community/styles/default/xenforo/smilies/group1/mad.gif" class="smilie" loading="lazy" alt=":mad:" title="Mad :mad:" data-shortname=":mad:" />their bean counters put it to together , give it to the trustees,than tell us later after they sell us the best dammed contract ever!<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" />wake up , i think i hear the used car salesman coming to sell you a contract from central states and your local's!<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /></p></blockquote><p></p>
[QUOTE="18wheelbrownie, post: 240836, member: 5398"] It is important to note that while the Central States Fund has been enjoying better than average earnings for the past sev- eral years, it is still burdened by the investment losses suffered when the stock market collapsed in 2000-2002.[COLOR="Black"][U][U] The Fund has also recently made certain changes relating to the way it meas- ures its “funding percentage” as mentioned above. As a result, and despite its more recent investment successes, the Fund’s cur- rent funding ratio is actually lower than it was at the start of this year[/U][/U].[/COLOR] That is why a large cash payment in advance by UPS would be beneficial to the overall health of the fund.:w00t: this is a quote by hoffa,check out what he is saying,they know the funding % is much lower now than at the beginning of the year! remember the 2006 pension report will be out the 4th quarter of this year and available to its members then, but what you don't know is they knew this for 8 months!:mad:their bean counters put it to together , give it to the trustees,than tell us later after they sell us the best dammed contract ever!:w00t:wake up , i think i hear the used car salesman coming to sell you a contract from central states and your local's!:w00t: [/QUOTE]
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