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UPS Union Issues
Why can't I look forward to retirement?
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<blockquote data-quote="PiedmontSteward" data-source="post: 2079142" data-attributes="member: 42270"><p>The fact that systemic problems are more of an issue for something like a pension plan that covers hundreds of thousands of participants; economy of scale dictates that (rarely) will a single decision have a significant impact on something like this.</p><p></p><p>Changes to the trucking industry were <strong>systemic</strong> and dramatically affected the financial security of Central States <strong>over a long period of time.</strong> It didn't go down the <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />ter over night; this is a problem that's been brewing for <strong>decades.</strong></p><p></p><p>Wagging a finger at Hoffa as the sole perpetrator of CS' downfall is being disingenuous, at best. That's not a statement of support for Hoffa or against Zuckerman; it's a statement of fact.</p><p></p><p>It also needs to be mentioned that the IBT (as an entity) doesn't have sole control of CS. It is a jointly administered multi-employer fund with trustees appointed by both IBT and participating companies. While Thomas Nyhan (and many of the other trustees) are grossly and obscenely overpaid, this isn't purely the IBT's fault (although they share some burden of the blame.)</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 2079142, member: 42270"] The fact that systemic problems are more of an issue for something like a pension plan that covers hundreds of thousands of participants; economy of scale dictates that (rarely) will a single decision have a significant impact on something like this. Changes to the trucking industry were [B]systemic[/B] and dramatically affected the financial security of Central States [B]over a long period of time.[/B] It didn't go down the :censored:ter over night; this is a problem that's been brewing for [B]decades.[/B] Wagging a finger at Hoffa as the sole perpetrator of CS' downfall is being disingenuous, at best. That's not a statement of support for Hoffa or against Zuckerman; it's a statement of fact. It also needs to be mentioned that the IBT (as an entity) doesn't have sole control of CS. It is a jointly administered multi-employer fund with trustees appointed by both IBT and participating companies. While Thomas Nyhan (and many of the other trustees) are grossly and obscenely overpaid, this isn't purely the IBT's fault (although they share some burden of the blame.) [/QUOTE]
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Why can't I look forward to retirement?
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