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Brown Cafe UPS Forum
UPS Union Issues
ups top pay vs usps top pay
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<blockquote data-quote="beentheredonethat" data-source="post: 681014" data-attributes="member: 4886"><p>This is just plain wrong. We do pay to fund for pension benefits for our future retirees. UPS pays money into the Teamster funds to pay for the future benefits. For non union folks, the company invests money into dedicated accounts for retiree benefits. Let's get to other items from the USPS. As someone else mentioned, they don't have to pay to register their fleet of vehicles. They don't have to pay property tax on the buildings that they do own. They don't get parking tickets by government agencies. They don't even have their people in traditional social security and medicare. Unlike UPS which must contribute money for pension benefits and also pay for their half of social security and medicare. The USPS is insuring the money to the lenders when the USPS runs a deficit, so their cost of borrowing is low, compared to what another company would have to pay.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 681014, member: 4886"] This is just plain wrong. We do pay to fund for pension benefits for our future retirees. UPS pays money into the Teamster funds to pay for the future benefits. For non union folks, the company invests money into dedicated accounts for retiree benefits. Let's get to other items from the USPS. As someone else mentioned, they don't have to pay to register their fleet of vehicles. They don't have to pay property tax on the buildings that they do own. They don't get parking tickets by government agencies. They don't even have their people in traditional social security and medicare. Unlike UPS which must contribute money for pension benefits and also pay for their half of social security and medicare. The USPS is insuring the money to the lenders when the USPS runs a deficit, so their cost of borrowing is low, compared to what another company would have to pay. [/QUOTE]
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