No problem. From what I've read on here most of them are in pretty good shape.
UPS to freeze pension plans for nonunion staffers
- Thread starter cheryl
- Start date
Catatonic
Nine Lives
That plan is not impacted.
Brisket
Well-Known Member
Last edited:
MyTripisCut
Never bought my own handtruck
Don't worry, it's not my real name...
Returntosender
Well-Known Member
Out west it's in the good
Not here it isn't and we aren't alone. UPS doesn't want 60 year old drivers hanging around.
Returntosender
Well-Known Member
That sucks those close 60 years old are typically in feeders. Attempting to get there 25 years
You have no idea.
Returntosender
Well-Known Member
You close to your 25 years?
Over that.
MyTripisCut
Never bought my own handtruck
So how many plans are actually not doing well? I always here a lot of talk about it on here. My local says 100 percent funded through 2022.
TheFigurehead
Well-Known Member
I almost feel bad for mgmt, current and future... but on the other hand, not really. It's just one more concession UPS is forcing upon them on the race to the bottom. The management we have now is barely competent (there are a few rare exceptions, of course). What level of competence do you think our future management candidates will bring to the table when there is no longer any real incentive to work for UPS in a management role?
They keep taking and taking from both union and management alike in the name of pleasing their shareholder overlords. As it stands, we can't keep pt hourlies more than a few weeks. Most of the pt hourlies we do keep refuse to become drivers, as they know it's a raw deal, regardless of the pay (most people don't want to work 12 hours a day while getting screwed and belittled at every turn). 99% of the pt's who have been around longer than a month wouldn't take a pt sup position for double what they are paying now. The ones that did make that mistake are never going to move beyond pt sup, all while they are paying more and more for their benefits, losing their bonuses, and now losing their pensions.
We are quickly getting to the point where no one will be willing to work here... and the ones that are left will be left to pick up all of the slack while watching the benefits of working here erode before their eyes. Things will only get worse and worse for them, until they start quitting in droves.
Personally, I hope UPS gets what it deserves. I'd love to see a day when they no longer have the manpower to run their business. I mean, honestly, I'd rather they reverse course and start doing what's necessary to keep their workforce happy and emplyed with the company... but we all know that will never happen.
Enjoy your twilight years UPS. It might be 5 years, a decade, or 20 years... but sooner or later, you'll be out of business.
They keep taking and taking from both union and management alike in the name of pleasing their shareholder overlords. As it stands, we can't keep pt hourlies more than a few weeks. Most of the pt hourlies we do keep refuse to become drivers, as they know it's a raw deal, regardless of the pay (most people don't want to work 12 hours a day while getting screwed and belittled at every turn). 99% of the pt's who have been around longer than a month wouldn't take a pt sup position for double what they are paying now. The ones that did make that mistake are never going to move beyond pt sup, all while they are paying more and more for their benefits, losing their bonuses, and now losing their pensions.
We are quickly getting to the point where no one will be willing to work here... and the ones that are left will be left to pick up all of the slack while watching the benefits of working here erode before their eyes. Things will only get worse and worse for them, until they start quitting in droves.
Personally, I hope UPS gets what it deserves. I'd love to see a day when they no longer have the manpower to run their business. I mean, honestly, I'd rather they reverse course and start doing what's necessary to keep their workforce happy and emplyed with the company... but we all know that will never happen.
Enjoy your twilight years UPS. It might be 5 years, a decade, or 20 years... but sooner or later, you'll be out of business.
Brownslave688
You want a toe? I can get you a toe.
You couldn't retire on a couple Million?
I sure could
Brownslave688
You want a toe? I can get you a toe.
Change the way we deliver retirement benefits. Lmao
Brownslave688
You want a toe? I can get you a toe.
Same as what happened to the pensions...
Brownslave688
You want a toe? I can get you a toe.
It took 5 years to get back where it was but those that stayed in and continued to buy stocks super cheap in 08-09. Their balances recovered much quicker than 5 years.
Brownslave688
You want a toe? I can get you a toe.
You lose potential growth?
Actually gain a shot at massive growth. I was buying stocks at half price essentially. That's 100% growth just when it gets back to even.
MAKAVELI
Well-Known Member
How many people are going to save a couple million? Not very realistic.
Brownslave688
You want a toe? I can get you a toe.
Take it all upfront and secure your own retirement
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