Letter about pension cuts - not CSPF

[retired2000]

Just met a few retires from ny. One of them said that upser's in buffalo are suppose to get a letter soon about our pension cuts here any truth to this

 

[Wally]

What pension are you in?

 

[retired2000]

Teamsters upstate my

 

[UpstateNYUPSer(Ret)]

I am in the same pension plan and this is the first I have heard of any cuts. We have a union meeting on Saturday and I will ask my BA about it.

 

[Lead Belly]

When the omnibus budget passed last year it opened a Pandora's box to cut any underfunded multi employer pension fund.

 

[retired2000]

Thanks upstate just trying to see where this is going

 

[Brownslave688]

I am in the same pension plan and this is the first I have heard of any cuts. We have a union meeting on Saturday and I will ask my BA about it.

Any idea what you're currently funded at?

 

[Brownslave688]

When the omnibus budget passed last year it opened a Pandora's box to cut any underfunded multi employer pension fund.

Well if it's underfunded......

 

[Ms.PacMan]

Hopefully there's no letter coming....it might just be confusion because of reading about Teamsters cutting pensions in the news.

 

[Lead Belly]

Well if it's underfunded......

It's sad but reality hurts sometimes.

 

[bottomups]

Got my letter last January. My pension was increased this year. Talked with my BA a couple months ago and he informed me the pension would be increased again next January. Expecting that letter early in 2016. Local 344's pension fund is very well managed.

 

[brownmonster]

Any idea what you're currently funded at?

I guess 67%.

 

[brownmonster]

Got my letter last January. My pension was increased this year. Talked with my BA a couple months ago and he informed me the pension would be increased again next January. Expecting that letter early in 2016. Local 344's pension fund is very well managed.

It was nice that the locals leadership audibled out of joining Central States back in the day.

 

[UpstateNYUPSer(Ret)]

Any idea what you're currently funded at?

I think it is in the low 60's.

 

[Brownslave688]

I think it is in the low 60's.

I'd say a pension cut is likely a good call then.

 

[hellfire]

So if your not in CS, even as a ups employee, your screwed?

 

[Brownslave688]

So if your not in CS, even as a ups employee, your screwed?

That would depend on your pension fund.


@UpstateNYUPSer pension pays $5,000 plus a month. That's likely not sustainable

 

[UpstateNYUPSer(Ret)]

I'd say a pension cut is likely a good call then.

We are already in our second rehab plan.

It's not working.

 

[UpstateNYUPSer(Ret)]

That would depend on your pension fund.


@UpstateNYUPSer pension pays $5,000 plus a month. That's likely not sustainable

It's not and I think cuts should made to all those who retire after 7/1/18.

 

[UpstateNYUPSer(Ret)]

So if your not in CS, even as a ups employee, your screwed?

No.