Thebrownblob
Well-Known Member
Yeah everything is very vague seems you only find out once you retire what actually is the truth. Sorry to hear that.
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quad decade guy
Well-Known Member
I have asked this question many times.....never gotten a straight answer. Most I ask seem to think the guarantee is into perpetuity.....BTW, who does a person ask?
Thebrownblob
Well-Known Member
Well I know a lot of people and I get the same answer you get. Not the most satisfying answer at all. I was told it is negotiated every contract and could be denied at some point but no one believes it will. That doesn’t really help you plan your future.
burrheadd
KING Of GIFS
A person with no other retirement savings should be all over this trying to find the answer
Just Sayin….
Thebrownblob
Well-Known Member
Johney
Pineapple King
I personally have not spoken with anyone other than shop stewards who say yes you are covered. Friends at work who will be retiring under this contract said they have spoke with pension administration and they say they think so, not much reassurance there. I guess I can only hope and pray. Anyways it is what it is, if it's there great, if not oh well thank you CS for pissing my money away.
oldngray
nowhere special
People who retired 2007 or earlier were the ones who really got screwed
Johney
Pineapple King
Right. At least I know my UPS/Teamster part should always be there.
Thebrownblob
Well-Known Member
Well I’m not far behind you and I definitely will be pushing for solid answers or better language more permanent on this issue in the next contract
Coldworld
Well-Known Member
Ride hard…lol, might be the first time I’ve heard that on this site…
Johney
Pineapple King
All the old timers in my center truly believe that UPS will do everything it can to get out of funding the shortfalls of CS in the next contract. Especially due to the supposed bailout. I just hope the new Teamster officials will not leave the retiree's in the wind. One can wish I guess.
quad decade guy
Well-Known Member
Not me....so why are you directing this at me?
You don't know me.
Say, wouldn't any person that is owed $60k a year until death be interested in the answer?
I'm "not all over this" as I'm not concerned. If UPS folds and our pensions are flushed in bankruptcy....you and I will be impacted. Not just me. You too.
Just sayin.
Tell someone who cares.....what you think.
Thebrownblob
Well-Known Member
Whether someone has savings or not makes no difference this is something we are owed. Would be silly for anyone who’s in central states not to be “all over this”
Johney
Pineapple King
Exactly. I sure as hell want what I was promised whether I need it or not. If Quad doesn't care to get what he's owed, good for him. I, like many others want what we are owed and what was put away for us.
oldngray
nowhere special
It was part of our compensation package.
Johney
Pineapple King
Correct me if I'm wrong ,but contractually negotiated in contracts we voted on and implemented. So why should I not think I'm getting what I'm owed?
oldngray
nowhere special
It should only be able to be changed by voting in a later contract.
burrheadd
KING Of GIFS
Never said anything thing about you
But if the shoe fits….
You seem a bit paranoid
Coldworld
Well-Known Member
watch out for the company boogeyman… lurking in a dark corner near you….BOO!!!!
quad decade guy
Well-Known Member
To all,
I expect to be paid what I EARNED.
"Being all over this" doesn't mean anything.
Fact: Our pensions could disappear through bankruptcy or even law change. Or just be whittled down to nothing.
Asking a union steward is with all respect....laughable or even a BA or even the President.
