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UPS Retirement Topics
What are you guys hearing about the pension held by central states
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<blockquote data-quote="reydluap" data-source="post: 1101287" data-attributes="member: 1583"><p>Game' I have read 'Article 34' SO many times and and understand what I (we) read. I have even spent a few hours at my local Union Hall speaking to our BA about just what you have highlighted in red. My BA stated that what is written is not exactly so. Somewhere in the contract book (I can't find it now that I need to reference it) it states this contract agreement can not supercede Federal laws. So if the feds have to take over Central States, they can pretty much step on this contractual agreement. Do I want to retire and find out in my later years I shot myself in the foot?</p><p></p><p> I'll stand corrected if what is printed stands. I'm just basing my opinion on what is being shared with me at my Local . Believe me, 36+ years of UPS is enough! But I don't want to be handing out carts at Walmart when I'm 65 because I can't pay my health care premiums.</p><p></p><p> On another note. I just read page 160 in our contract book. Never noticed it before today. "Memorandum of Understanding", in summary, UPS won't change the pension plan agreement for at least ten years. Hmmmm. Go read it yourself.</p></blockquote><p></p>
[QUOTE="reydluap, post: 1101287, member: 1583"] Game' I have read 'Article 34' SO many times and and understand what I (we) read. I have even spent a few hours at my local Union Hall speaking to our BA about just what you have highlighted in red. My BA stated that what is written is not exactly so. Somewhere in the contract book (I can't find it now that I need to reference it) it states this contract agreement can not supercede Federal laws. So if the feds have to take over Central States, they can pretty much step on this contractual agreement. Do I want to retire and find out in my later years I shot myself in the foot? I'll stand corrected if what is printed stands. I'm just basing my opinion on what is being shared with me at my Local . Believe me, 36+ years of UPS is enough! But I don't want to be handing out carts at Walmart when I'm 65 because I can't pay my health care premiums. On another note. I just read page 160 in our contract book. Never noticed it before today. "Memorandum of Understanding", in summary, UPS won't change the pension plan agreement for at least ten years. Hmmmm. Go read it yourself. [/QUOTE]
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What are you guys hearing about the pension held by central states
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