705 and 710 can still push the voting over 50%

[babboo25]

As a member that be very troubling. We just had a few years of great stock increases and the percent funded is going down. As a member I would not want a pension increase then.


What if the pension was increased so they are paying more money out and then another long recession hits.....then the pension would have to be cut.

Well it didn’t help that 710 bought all their agents brand new Ford Explorers and we have a multi million $ union hall with a bar that cost $300,000. 710 needs to be put back in trusteeship in my opinion, our Prez has been out campaigning for JB Pritzker, wouldn’t be surprised if our pension money has been used for campaign contributions.

 

[Coldworld]

Which contract? Yours or ours? Our vote is over.

It’s over about as much as you saying that you won’t transfer to another hub before you retire....impossible!!

 

[Coldworld]

Good one.... teamster/transparent.

You don’t think our west coast pension is run well and that the administrators are transparent when it comes to informing the participants of what’s going on with the market and funding levels??? There are companies from the South and Midwest who are trying and who have become employers involved in this pension plan for their employees:...

 

[babboo25]

Do you know what contributions are?


I would imagine ups puts in plenty on behalf of each member. The problem either comes with previous employees being overpromised or if it's a multiemployers other companies going under.

Other companies going under is a huge problem with 710 pension. What is 688 funded at? I know you all have a higher monthly payout than 710 and it’s not even close.

 

[ski or die]

Do you know what contributions are?


I would imagine ups puts in plenty on behalf of each member. The problem either comes with previous employees being overpromised or if it's a multiemployers other companies going under.

Not sure of the amount of company contributions. The problem is most likely like you mentioned. Since I retired, pension for new retirees is $500 more per month and it is a multiemployer pension. Do not have info on these employers who are not contributing to the pension.

 

[1989]

It’s over about as much as you saying that you won’t transfer to another hub before you retire....impossible!!

I’m not going anywhere. I found my retirement place. Have been keeping my eyes peeled for my retirement hobby/job. Yet again Maui came up this year. That would be interesting.

 

[Coldworld]

I’m not going anywhere. I found my retirement place. Have been keeping my eyes peeled for my retirement hobby/job. Yet again Maui came up this year. That would be interesting.

You can go over there and stay at Airbnb’s for a month at a time for cheaper than a hotel... go get a pt job on a golf course for 6 months and Go back to the mainland for the rest of the year then repeat... you can only work so many hours a year while collecting your pension

 

[1989]

You don’t think our west coast pension is run well and that the administrators are transparent when it comes to informing the participants of what’s going on with the market and funding levels??? There are companies from the South and Midwest who are trying and who have become employers involved in this pension plan for their employees:...

No they are not transparent. The pension did expand to many other states even in the east. I hope those new newbies put in some serious up front cash.

 

[1989]

You can go over there and stay at Airbnb’s for a month at a time for cheaper than a hotel... go get a pt job on a golf course for 6 months and Go back to the mainland for the rest of the year then repeat... you can only work so many hours a year while collecting your pension

I thought you could work unlimited hours. You just cannot work a job in your profession. Within you pension jurisdiction.

 

[Coldworld]

No they are not transparent. The pension did expand to many other states even in the east. I hope those new newbies put in some serious up front cash.

Whenever I have been to the yearly meeting at the union hall they have been very open about their dealings and status.... The fund isnt going to just let any company come into here willy Nilly....it took months for Costco to become part of this plan and they have rock solid financials and make way more money than UPS.... this is a win for the WCP

 

[Brownslave688]

Other companies going under is a huge problem with 710 pension. What is 688 funded at? I know you all have a higher monthly payout than 710 and it’s not even close.

We really don't couple hundred more I think.


The difference comes that we never top out and get bonus money for every year over like 60 that we work.

 

[Coldworld]

I thought you could work unlimited hours. You just cannot work a job in your profession. Within you pension jurisdiction.

I think at a certain age you can work as many hours as you want but if you plan on retiring at 50 with a full pension (our 80 and out golden ticket) then they are very particular about that....

 

[Brownslave688]

Well it didn’t help that 710 bought all their agents brand new Ford Explorers and we have a multi million $ union hall with a bar that cost $300,000. 710 needs to be put back in trusteeship in my opinion, our Prez has been out campaigning for JB Pritzker, wouldn’t be surprised if our pension money has been used for campaign contributions.

Good ol JB lol

Don't worry I'm sure he's doing shady at all lol

 

[1989]

Whenever I have been to the yearly meeting at the union hall they have been very open about their dealings and status.... The fund isnt going to just let any company come into here willy Nilly....it took months for Costco to become part of this plan and they have rock solid financials and make way more money than UPS.... this is a win for the WCP

I do get a little nervous when I see funding estimates under 90% though. And often think if I could only work until 66 & 1 month I could get 110% and drain that sucker dry.

 

[Coldworld]

I do get a little nervous when I see funding estimates under 90% though. And often think if I could only work until 66 & 1 month I could get 110% and drain that sucker dry.

I won’t be close to 66 1/2 when I finally go... much sooner.... one thing we have going for us out here is all those pters who work for 6 months or a year then bounce....this fund probably gets millions a year in pt. Turnover...which in turn helps the fund along with it being so diversified.....

 

[babboo25]

We really don't couple hundred more I think.


The difference comes that we never top out and get bonus money for every year over like 60 that we work.

Well 25 years gets you $2800 month, 30 is $3300 I believe.

 

[DriveInDriveOut]

... you can only work so many hours a year while collecting your pension

Seriously?
Where do I find out about that kind of thing?

 

[Brownslave688]

Well 25 years gets you $2800 month, 30 is $3300 I believe.

Yours is 2500 and 3000 correct? Ours just got raised from that a couple years ago.


Also we have to be 57 to keep our insurance.

 

[cachmeifucan]

As a member that be very troubling. We just had a few years of great stock increases and the percent funded is going down. As a member I would not want a pension increase then.


What if the pension was increased so they are paying more money out and then another long recession hits.....then the pension would have to be cut.

Isn't that why we negotiate every 5 years. Or should I say bend over every 5 years. I was excited that ups got tax break I was thinking ups will give us the greatest contract boy was I wrong again.

 

[Brownslave688]

Isn't that why we negotiate every 5 years. Or should I say bend over every 5 years. I was excited that ups got tax break I was thinking ups will give us the greatest contract boy was I wrong again.

I hate to break it to you but if you expect ups to just blindly make up the difference for irresponsibly increasing pension payouts you are wrong.