1989
Well-Known Member
No, the part-timers who havent been hired yet are the ones who are bringing your pension back up. UPS cut a check for $6 billion to comply with the Pension Reform Act of 2008. That 6 billion is coming from somewhere. It isnt charity, it isnt a "gift".
You have seniority, you have a pension, you have job security and bidding rights because of yor labor agreement. Ask a FedEx Ground or DHL driver about seniority or bidding rights sometime.
If ups got out in 97 they wouldn't have had to spend 6 billion, it would have been a much lower amount. Shareholders took a burden for the 6 billion. That's why this years PE is 225. Where I'm from dhl drivers are teamsters and they have a better pension than us