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Brown Cafe UPS Forum
UPS Retirement Topics
UPS, Teamsters considering joint pension plan
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<blockquote data-quote="dragracer66" data-source="post: 198066" data-attributes="member: 5175"><p>You guy's have this problem now with all these defunct trucking companies. Just to name a couple: Preston:Consolidated Freight: St' Johnsbury Red Star Express: who do you think is paying there pension? You guy's are that's who, they are taking out of the big pot every month and none of these companies are around anymore to replenish it. Parcel has been around 100 year's there is no guarantee they will be on top forever but the are no guarantee's in life either. I'm in the IAM we have a single contribution pension. If Penskie or New England Motor Freight go out of business it won't drain our pension. It's really not a bad idea, especially if your in the central state's pension fund they should be praying for it<img src="/community/styles/default/xenforo/smilies/group1/thumbup1.gif" class="smilie" loading="lazy" alt=":thumbup1:" title="Thumbup1 :thumbup1:" data-shortname=":thumbup1:" /></p></blockquote><p></p>
[QUOTE="dragracer66, post: 198066, member: 5175"] You guy's have this problem now with all these defunct trucking companies. Just to name a couple: Preston:Consolidated Freight: St' Johnsbury Red Star Express: who do you think is paying there pension? You guy's are that's who, they are taking out of the big pot every month and none of these companies are around anymore to replenish it. Parcel has been around 100 year's there is no guarantee they will be on top forever but the are no guarantee's in life either. I'm in the IAM we have a single contribution pension. If Penskie or New England Motor Freight go out of business it won't drain our pension. It's really not a bad idea, especially if your in the central state's pension fund they should be praying for it:thumbup1: [/QUOTE]
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UPS, Teamsters considering joint pension plan
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