Western PA Pension fund

Discussion in 'UPS Union Issues' started by bowhnterdon, Oct 2, 2018.

  1. bowhnterdon

    bowhnterdon Active Member

    Anyone here in that plan? I saw where cuts are coming?
     
  2. MyTripisCut

    MyTripisCut Dumpster, INABAG

  3. Jones

    Jones fILE A GRIEVE! Staff Member

    Not surprised. About 4 years ago someone showed me a funding statement for that pension and it was only 35% funded or something like that.
     
  4. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    All you fine folks not in CS get the lube out, it’s a comin
     
  5. 542thruNthru

    542thruNthru Well-Known Member


    And the west.
     
  6. bowhnterdon

    bowhnterdon Active Member

    What a bitter pill to swallow. Ups/Ibt plan gets a decent increase, and other plans cutting 30%. Same Company-Same Union. I walked in ‘97 with a sign, Leave my Pension Alone!!! Boy, I wish could have seen the light...
     
  7. UnconTROLLed

    UnconTROLLed perfection

    deep deep cuts

     
  8. stray

    stray Active Member

    I'm in that fund. Last I heard, I believe we were funded at 58%. Our pension board filed a proposal to cut retiree benefits by 30% last year and I've heard some retirees have received notice that the cut is coming soon.
     
  9. Indecisi0n

    Indecisi0n Well-Known Member

    I'm ok with helping the government .
     
  10. Indecisi0n

    Indecisi0n Well-Known Member

    I like a challenge .
     
  11. Foamer Pyle

    Foamer Pyle Active Member

    That’s if you keep voting Democrat.
     
  12. TRUMP!!
     
  13. browndevil

    browndevil Well-Known Member

    Me Too! Thank the powers that be
     
  14. browndevil

    browndevil Well-Known Member

    First of the govt can't nationalize a private pension. That would be illegal. The West is 92% funded. Thanks to great leadership Rome A and Chuck M
     
  15. 542thruNthru

    542thruNthru Well-Known Member

    There is a threat to our pensions though. I hate to post this link (because people distrust TDU) but it's the first to show up on google. Also my local has been talking about it the last couple general membership meetings.

    “GROW” Act: A Threat to Workers’ Pensions

    We need to make sure this doesn't happen.
     
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  16. burrheadd

    burrheadd KING Of GIFS

    Where do I sign up?
     
  17. Yolo

    Yolo Active Member

    I heard they are using the pension fund to pay for our retro checks.
     
  18. BrownMonk

    BrownMonk Old fart Package Car Driver

    The Rep. that started the Grow Act(Rep. Neal) has started supporting the Butch Lewis Act(he is a sponser) so I'm guessing he dropped his support of the Grow Act. Either that or the Grow Act is a backup plan if Butch Lewis doesn't get support.
     
  19. Qbighon

    Qbighon New Member