Ms.PacMan
Well-Known Member
Central States is old news. It was fixed in 2007 - UPS bought us out of that sorry plan. The OP's an idiot or a troll.
Contract talks
- Thread starter 87brown
- Start date
Ms.PacMan
Well-Known Member
Fix what? CS is in the rear view mirror for UPS. NY pension fund is toast though.
UpstateNYUPSer(Ret)
Well-Known Member
Company will buy us out.
Ms.PacMan
Well-Known Member
You said before that they declined to buy out of your pension plan. What's changed?
Our pension fund is in bad shape also
The company wanted nothing to do with it,last contract.
Ms.PacMan
Well-Known Member
CS screwed the rest of you because the buyout didn't shore up the fund and then they tried to lower the payments of everyone left in CS and force UPS to shoulder the burden because of that promise to make up the difference for current employees. All it did was make UPS unwilling to do it again with other funds.
When CS draws its last breath I do sincerely hope UPS steps in and helps the UPSers who retired before 2008.
When CS draws its last breath I do sincerely hope UPS steps in and helps the UPSers who retired before 2008.
AlliSeeisBrown
Well-Known Member
I heard they are going to implement a grammar and punctuation course on the very first day of Integrad. Pass that, you can begin the actual training. Just a rumor I heard around the center about the upcoming contract.
Mr. Marshall
Well-Known Member
The problem with this is that you will lose your overtime after 5 hour benefit and you will be forced to take a 40 minute unpaid break that the doublers at least here dont take. So depending on how much money you currently make PT this could hurt you. Also, at least in our region going full time after having a bunch of years part time more or less take early retirement off the table because even if you have 30 years in total if you are not 65 (or maybe 62 can't recall) they start deducting something like 7 percent for each year out of your part time years. Someone I know did 20 something part time and then around 10 full time and wanted to retire and their pension would have been less than if they had just worked the 30 years part-time.
Theoneandonly24
Well-Known Member
Has anyone been on upsers recently? There's an article that says something like 4 things you didn't know ups is doing. And one of those 4 things is "Orion phase 2". I lold when I read what phase 2 was... talk about killing battery life
rod
Retired 23 years
s
Being one of those who retired before 2008 I don't believe UPS will get involved. They have washed their hands of us-just as the Union has. As far as I'm concerned (and I hate bail outs as much as the next guy ) I truly feel that because the US Government made themselves the official watchdog overseer of Central States in the early 80's when they came down hard on the Teamsters for their investments that they should shoulder the majority of the blame for the financial trouble Central States got themselves into. They should bail out the FEW old farts who will still be alive in 8 or 9 years when the plan goes tits up and we are pushing 80 and unemployable. It was the Governments responsibility to over see the plan and they blew it.
Being one of those who retired before 2008 I don't believe UPS will get involved. They have washed their hands of us-just as the Union has. As far as I'm concerned (and I hate bail outs as much as the next guy ) I truly feel that because the US Government made themselves the official watchdog overseer of Central States in the early 80's when they came down hard on the Teamsters for their investments that they should shoulder the majority of the blame for the financial trouble Central States got themselves into. They should bail out the FEW old farts who will still be alive in 8 or 9 years when the plan goes tits up and we are pushing 80 and unemployable. It was the Governments responsibility to over see the plan and they blew it.
Catatonic
Nine Lives
Only if they were driving in 1997.
Catatonic
Nine Lives
I parsed it out and put in a few commas to make it more readable.
Catatonic
Nine Lives
Which is what UPS tried to do in 1997 and the IBT pushed a strike to show UPS the Pension Fund was their cash cow.
There are still UPS Driver pension plans not adequately funded much like CS was in 1997.
What if the contract asks drivers to help fund these pension plans?
Ms.PacMan
Well-Known Member
If it were proposed in the new contract I wouldn't have a problem voting for it.
Maybe Upstate is right and UPS will buy their way out of all underfunded plans? They will have to do something to be able to offer a pension (or some type of retirement contribution - maybe a matching 401k in those locals?) to new drivers in those areas.
3 done 3 to go
In control of own destiny
So if the company buys it. Doesn't that mean we can bail from the union? How would that work out. The union would just be a moderator if a member got in serious trouble? They would give little effort to save a job. What do they care
Catatonic
Nine Lives
Good luck with that ... moderators ain't got
for power.That's two different issues. Many Union Members do not have their pension through the Union .
Last edited:
Catatonic
Nine Lives
period
It's too close to the spacebar...
Similar threads
