The "union" has been running my healthcare plan for over 50 years. It continues to get better.
Central States Pension Fund cuts
- Thread starter rod
- Start date
Your mom was right. It appears that advice doesn't stop you from commenting on how unions operate.
Catatonic
Nine Lives
When have I commented on how Unions operate?
Catatonic
Nine Lives
The "analysts" as Mug correctly pointed out, have rated UPS a "buy", and that's with the onerous obligations so feared by the other "analysts" involved in the secret meetings Photog is so protective of.
Catatonic
Nine Lives
They are not secret ... I have "Insider Information" and I am unsure about what to disclose here.
I don't think UPS was told anything that any other publicly traded corporation gets.
UPS BOD and Management Committee are obligated to maximize shareholder value.
Not having pension obligations would increase shareholder value.
$10 billion in unexpected pension funding in the last 10 years is not a good sign for UPS stock.
UPS being on the S&P 500 helps buoy stock price.
Bubblehead
My Senior Picture
Then obviously you aren't in TeamCare and weren't in its predecessor, the Central States C6 plan?
If you were, there would be no way you could make that claim.
Sportello
Well-Known Member
They have failed spectacularly in that regard.
You are correct but...the TeamCare plan is superior to the predecessor CS C6 plan so union H&W can and has improved. The sky is still above us...
Bubblehead
My Senior Picture
It's improved, for now, thanks to the Vote No movement.
The sky will begin to fall in 2017, when the annual deductible begins.
UpstateNYUPSer(Ret)
Well-Known Member
I've had it for 26 years and have zero complaints.
Jkloc420
Do you need an air compressor or tire gauge
Jkloc420
Do you need an air compressor or tire gauge
UpstateNYUPSer(Ret)
Well-Known Member
Yeah....so....
The Union pays the bills while a private company administers the plan.
Up here they use BC/BS, VSP and Medco.
UpstateNYUPSer(Ret)
Well-Known Member
It is called Teamcare but the plan itself is administered by a private company.
Jkloc420
Do you need an air compressor or tire gauge
UpstateNYUPSer(Ret)
Well-Known Member
You're not too bright, are you?
Jkloc420
Do you need an air compressor or tire gauge
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Bubblehead
My Senior Picture
Being as close to Canada as you are, I can understand why you wouldn't know the difference.
Mugarolla
Light 'em up!
Did you just make up this number?
$6.1B to the CSPF is the only unexpected.
The other $4B is not unexpected. As a matter of fact, it is less than what UPS would have paid to CSPF over the life of the affected employees.
While the $6.1B was unexpected, that payment will save UPS 5 fold over the next 50 years.
If UPS got rid of the union pensions, would their stock price go up? Maybe.
If UPS got rid of all their dead weight, good for nothing, number cheating, dishonest, disrespected managers, their stock price would sky rocket.
And no, not everyone is like this. But there are far too many.
