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Brown Cafe UPS Forum
UPS Union Issues
Viewpoints for new contract, what's in-store?
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<blockquote data-quote="Bubblehead" data-source="post: 2862830" data-attributes="member: 14176"><p>I'm saying that letting UPS, the single biggest contributor (by far), out of the fund while it was upside down in regards to actives vs retiree, was the equivalent of tapping out.</p><p></p><p>While the "green zone" illusion may have been "sustainable" for awhile stock market permitting, it marked the beginning of the end no matter what. </p><p></p><p>No significant newly organized company would ever buy in, after UPS bought out, and the ebbs and flows of the market would have (and did) bleed the fund dry later or sooner. </p><p></p><p>BTW, like it or not, when you throw your hat in the ring and prevail, you will be judged on your body of work. </p><p>Do I enjoy hindsight? </p><p>Absolutely!!! </p><p>But it wasn't and isn't my hat or legacy in the ring as we speak. </p><p>History will be written in stone and it won't be flattering.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 2862830, member: 14176"] I'm saying that letting UPS, the single biggest contributor (by far), out of the fund while it was upside down in regards to actives vs retiree, was the equivalent of tapping out. While the "green zone" illusion may have been "sustainable" for awhile stock market permitting, it marked the beginning of the end no matter what. No significant newly organized company would ever buy in, after UPS bought out, and the ebbs and flows of the market would have (and did) bleed the fund dry later or sooner. BTW, like it or not, when you throw your hat in the ring and prevail, you will be judged on your body of work. Do I enjoy hindsight? Absolutely!!! But it wasn't and isn't my hat or legacy in the ring as we speak. History will be written in stone and it won't be flattering. [/QUOTE]
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Viewpoints for new contract, what's in-store?
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