'97 Strike Resulted in UPS Going Public

[IVE GOTTA PACKAGE 4U]

Yes and the Thrift Plan was the Real Estate tax dodge.
Basically, the "sheltering" of assets was the same in each.
And consequently, the IRS now admits both were legal under tax laws at the time.

Didn't UPS pay a pretty big fine?

 

[UpstateNYUPSer(Ret)]

Didn't someone say profit sharing was offered during the negotiations but union said no?

Profit sharing was part of the initial contract offer.

 

[UpstateNYUPSer(Ret)]

We used to have profit sharing. The thrift plan

There was language in their initial offer regarding profit sharing.

 

[Catatonic]

Didn't UPS pay a pretty big fine?

Nope.
It was put in escrow and the final ruling was against the IRS so UPS got it all back (plus the interest while in escrow).

 

[IVE GOTTA PACKAGE 4U]

There was language in their initial offer regarding profit sharing.

Yes you already mentioned that.
Post padding?
Trying to catch me?




It will never happen.

 

[Catatonic]

Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaur retirees.

Most likely!

 

[Catatonic]

Well let's also not forget how many billions ups paid to get out of that plan.

I'm not saying just tell the old guys tough but I don't think lack of funds from ups is a problem with the central states pension.

Absolutely agree that most UPS Union workers will vote themselves a raise rather then give up anything for a bunch of dinosaurs.

It sucks to be a retired UPS Driver?

 

[IVE GOTTA PACKAGE 4U]

Most likely!

Unfortunately .
Too many guys worry about the nickel today and give up the dollar tomorrow

Hopefully we will all retire one day.

 

[burrheadd]

It sucks to be a retired UPS Driver?

Huh!!

 

[PT Car Washer]

It sucks to be a retired UPS Driver?

No. Most UPS Union retirees, FT or PT, with a bit of proper planning live pretty well being retired. Maybe not by your standards, but better than most for just being a box monkey all your life.

 

[IVE GOTTA PACKAGE 4U]

No. Most UPS Union retirees, FT or PT, with a bit of proper planning live pretty well being retired. Maybe not by your standards, but better than most for just being a box monkey all your life.

They really do need to educate some of the employees on that.

 

[Catatonic]

No. Most UPS Union retirees, FT or PT, with a bit of proper planning live pretty well being retired. Maybe not by your standards, but better than most for just being a box monkey all your life.

Most driver's lived "better" than me.
I invested money along the way.
I imagine most UPS drivers still live "better" than me.
I have yet to touch my investments in retirement.

 

[PT Car Washer]

Most driver's lived "better" than me.
I invested money along the way.
I imagine most UPS drivers still live "better" than me.
I have yet to touch my investments in retirement.

Oh but I really doubt most UPS Union employees retired or working live better than you. Maybe if their spouse has a really high paying job or if they inherited some money or if they are really into debt. Mostly just an illusion.

 

[Catatonic]

Oh but I really doubt most UPS Union employees retired or working live better than you. Maybe if their spouse has a really high paying job or if they inherited some money or if they are really into debt. Mostly just an illusion.

I do agree that living better is mostly an illusion.

I talked my wife into not working when she was in her 30's.
She and I are a good team in managing expenses and enjoying life.

I also agree, few people can live better than me because of the approach I take towards life.
I need very little money!

 

[IVE GOTTA PACKAGE 4U]

I do agree that living better is mostly an illusion.

Few people can live better than me because of the approach I take towards life.
I need very little money!

Good.
Send me some.

 

[Catatonic]

Good.
Send me some.

Now that's funny ... I don't care who you are!

 

[UpstateNYUPSer(Ret)]

They really do need to educate some of the employees on that.

Why is the burden on the employer or union to provide "retirement training"?

 

[IVE GOTTA PACKAGE 4U]

Now that's funny ... I don't care who you are!

 

[IVE GOTTA PACKAGE 4U]

Why is the burden on the employer or union to provide "retirement training"?

You can tell them to walk like a penguin and drink water.
How about giving then so useful information.

 

[Catatonic]

Why is the burden on the employer or union to provide "retirement training"?

Because they're Teamsters!
They have to be told to do everything!