Great avatar.
On a serious note, you are right when you say that the Teamsters have a proven history. However, history can be positive and/or negative. In the early years, management made all the decisions, thus the need for a union. The unions protected the working man then, but now the Teamsters are using their positions for their own gains. The Teamsters have sold us out by negotiating the "best contract ever", but immediately afterwards, started to cut our pensions and medical benefits. The pension in Central States is in such bad shape that in less than 10 years, the pension will be underfunded to the point that we only receive $1000 per month through the insurance. Imagine working 30 years or longer and receiving a measly $1000 per month in which to retire on! The numbers from the 5500 annual reports prove this fact. Also, this annual report shows that there are $120 million in administration fees. Excessive? Where do you think some of this money goes? If you guessed that the Teamsters are building up a healthy pension for themselves, you may be right. While they are sitting comfortable and have a hefty pension when they retire, we are left holding the bag. The pension money that UPS contributes belongs to the hard working UPS employees, and not the Teamsters. As long as the Teamsters control our money, we will never receive what we are entitled to. That is why UPS made an offer to administer the pension with the Teamsters for UPS people only, but since UPS will have equal oversight, the Teamsters will never agree to it.
Do you really think that UPS will go out of business in 15 years or anytime soon? UPS has so much financial capital, this is not even an issue. There is more chance that the Teamsters will not be able to pay out a pension in 15 years, because each year for the last 4 years (it coould be longer, but I only have the last 4 years annual reports on the pension) the liabilities have skyrocketed and presently the liabilities are 39 billiion dollars to the 19 billion dollars in assets. In simple terms, they owe more than twice the money they have. This is the reason that our pensions are being cut, and our medical benefits are getting worse. This is why they want us to work until the age of 65, because it delays the payout and they know that most of us will never be able to work at this job until 65. At the the same time, the Teamsters are taking hefty pay raises and have a secure pension.
ANother good example of the Teamsters financial weakness was during the strike of 1997. The strike fund payout was $55 per week. Who can live off this paltry amount? The fact is that they didn't even have this money, as they ran out of money and couldn't even pay this small amount. Then they had the nerve to charge union dues, so they ended up giving us $5 for a week in which to live. Is this a joke or what?