Discussion in 'UPS Union Issues' started by bowhnterdon, Oct 2, 2018.
Anyone here in that plan? I saw where cuts are coming?
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.
All you fine folks not in CS get the lube out, it’s a comin
And the west.
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...
deep deep cuts
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.
I'm ok with helping the government .
I like a challenge .
That’s if you keep voting Democrat.
Me Too! Thank the powers that be
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
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.
Where do I sign up?
I heard they are using the pension fund to pay for our retro checks.
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.
Separate names with a comma.