More gloom and doom..CS is tanking

[UpstateNYUPSer(Ret)]

Wow. Just.......wow.

 

[hellfire]

It's simple, u want to have kids be ready. Your other half should have an education. There is nothing wrong with taking 5 or so years off to raise your kids, but most wives never go back to work. Their husband makes all the money, they get an allowance, they get mad, want a divorce and now mr ups man Is getting bent over by child support and alimony. Mean while the wife is hanging with other guys, and refuses to get married so she can keep the alimony. Kids are over rated. All my friends who have them get drunk and all I hear is their envy and talk about how their relationship isn't the "way it used to be". This career we have is not good for kids

If educated and well paid wife has kids, cutting back for 5-7 years while she takes care of th is understandable. She can rejoin the work force and contribute to the household, but ups drivers can't whipe their own ass, go grocery shopping or cook so they would rather their wife stay home all day and do all that for them while making phone calls to your insurance on your behalf and all the other stuff we are too "tired" to do after our long day at work. This is a ty world we live in ans its getting worse, I feel in most people's situation it's selfish to even have them

You want a stay at home wife? Don't cry when your working till 65.

You tellem bad now go beat um

 

[hellfire]

Wow. Just.......wow.

Ahh we do agree on occasion

 

[Faceplanted]

You guys with wives who don't work or contribute are the actual womanizers. How do u think they feel with nothing of "their own". How do they feel handling all the house hold chores, taking care of the kids all the time? Being the only one at your kids games? In this sad day we live in its hard for only 1 person to make the income. It's not 1970 any more

When wives don't have their own income you are keeping them depending on you. Say what u want, my wife can go have a nice lunch with Her friends whenever she wants, she can go drop 50 bucks a shirt and I could care less as its "her" money that she worked hard for. Financial Freedom is what everybody deserves

My wife has thanked me many times for being behind her though school and pushing her to better her self. She has her own savings and money as so I, she never has to feel stuck or that she can't ever leave me. Women who feel exactly that usually stay in a relationship they don't want to be in baxauE they have no means to just pick up and leave. It's not fair for anybody man or woman to "feel stuck"

 

[burrheadd]

I bet your a peach to live with!

 

[Catatonic]

I bet your a peach to live with!

Maybe his wife likes fuzzy ones

 

[brownmonster]

Every time this joint starts to get stale another new gem shows up. Welcome Faceplanted. By the way it should of been my wife's parents job to educate her. Apparently it wasn't a priority.

 

[Turdferguson]

It's simple, u want to have kids be ready. Your other half should have an education. There is nothing wrong with taking 5 or so years off to raise your kids, but most wives never go back to work. Their husband makes all the money, they get an allowance, they get mad, want a divorce and now mr ups man Is getting bent over by child support and alimony. Mean while the wife is hanging with other guys, and refuses to get married so she can keep the alimony. Kids are over rated. All my friends who have them get drunk and all I hear is their envy and talk about how their relationship isn't the "way it used to be". This career we have is not good for kids

If educated and well paid wife has kids, cutting back for 5-7 years while she takes care of th is understandable. She can rejoin the work force and contribute to the household, but ups drivers can't whipe their own ass, go grocery shopping or cook so they would rather their wife stay home all day and do all that for them while making phone calls to your insurance on your behalf and all the other stuff we are too "tired" to do after our long day at work. This is a ty world we live in ans its getting worse, I feel in most people's situation it's selfish to even have kids.

You want a stay at home wife? Don't cry when your working till 65.

Not too pessimistic are you? If you don't have kids, how can you say they are overrated? Because your buddies don't like their kids? Get a better class of friends then.
I love my kids, and they are the reason I put up with half the crap I put up with in my career at UPS. I love my wife also. While she works too, you know some of us have managed to help out with stuff around the house. and been there for our kids too.
You give up things like time , money, and love for them. It's what you do as a responsible parent

 

[retiredTxfeeder]

I got my CS letter today, the 15th. It mentioned the town hall meeting call, or whatever they called it. Only thing is, it was yesterday the 14th.

 

[wkmac]

Maybe his wife likes fuzzy ones

She probably beats his arse and this is the only place he feels safe to talk about her!

Wow. Just.......wow.

Yes, what he said!

 

[OLDMAN3]

I have posted this before but it may be useful to those who are now questioning the certainty of their pension:

Here is a really useful free anonymous online retirement calculator from Vanguard...
https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementIncomeCalc.jsf
It allows you to measure a variety of inputs using sliders to generate a potential monthly retirement income target, based on hypothetical investment returns. You can toggle on or off Social Security and pension incomes. It also includes a Social Security estimator; I added my wife's expected SS benefits. UPSers.com is useful to estimate your potential pension at different ages.

 

[PiedmontSteward]

How does RTW come into play?
Dues are not used to fund pensions or healthcare.
UPS pays for every employee the same in RTW states as in others.

Not necessarily RTW, but anti-union legislation in the form of deregulation of the trucking industry. It was initiated under Carter (D) and continued/expedited under Reagan (R).

14,000 companies with 450,000 covered employees under the National Master Freight Agreement signed in 1964 down to about 2 contributing freight companies today absolutely killed Central States. The owner/operator and independent contractor model put union freight companies out of business.

All of those orphaned employees -- combined with mismanagement of the fund in the past and the economy tanking right after the cash infusion from UPS for the exit liability -- contributed to the sorry state of CS today.

 

[QKRSTKR]

My concern is about the UPS promise to cover any shortages from Central States. It wouldn't surprise me if they tried to wiggle out of that agreement.

Last Union meeting I went to they said UPS sent lobbyist to capital hill for this reason. It's my understanding that congress earmarked a bill allowing UPS out of their agreement with UPS teamsters in central states. I'll see if I can find what Bill was earmarked. Democrats voted for it. Big surprise. Scum.

 

[oldngray]

Last Union meeting I went to they said UPS sent lobbyist to capital hill for this reason. It's my understanding that congress earmarked a bill allowing UPS out of their agreement with UPS teamsters in central states. I'll see if I can find what Bill was earmarked. Democrats voted for it. Big surprise. Scum.

UPS got that earmark and did deserve it since they had already paid over 6 billion to Central States in the buy out. The earmark was that UPS Teamsters would be the last to have pensions cut.

 

[Mugarolla]

UPS got that earmark and did deserve it since they had already paid over 6 billion to Central States in the buy out. The earmark was that UPS Teamsters would be the last to have pensions cut.

Not only that, but UPS is the only company in the country that would have to make up any reduction in Central States pension.

Congress did not want their Pension Relief Act to hurt one company, and only one company.

UPS also notes that any other company can get the same exception. They have to do what UPS did.

1 pay the withdrawal liabilty. UPS did. $6.1B

2 set up their own pension. UPS did.

3 promise to cover any reductions for their employees in CS in the future. UPS did.

Not too many, companies, if any, in CS has the money to do this. UPS does and did.

 

[oldngray]

Not only that, but UPS is the only company in the country that would have to make up any reduction in Central States pension.

Congress did not want their Pension Relief Act to hurt one company, and only one company.

UPS also notes that any other company can get the same exception. They have to do what UPS did.

1 pay the withdrawal liabilty. UPS did. $6.1B

2 set up their own pension. UPS did.

3 promise to cover any reductions for their employees in CS in the future. UPS did.

Not too many, companies, if any, in CS has the money to do this. UPS does and did.

It also prevented CS from treating UPS as a steady cash cow knowing they could reduce pensions knowing UPS would be stuck paying the difference. With UPS retirees last to get cuts that takes away that possible abuse.

 

[Re-Raise]

That's a very nice thought on your part wkmac (willing to donate a raise or part of one) to help bail out CS pension problems) but it will never happen. Check out Brownslaves comment #299 and that sums up the majority of UPS employees now days. UPS is full of Brownslave types now and therein lies the whole problem---every man for himself. All my working career I made it know that if UPS was truly hurting and could prove it I would be more than willing to take a pay cut to bail out my livelihood. In a way its sad that the old time employees were all willing to do what was necessary to protect their livelihood but now for the most part the Brownslaves of the world wouldn't even help out a fellow Teamster. JMO

I thought about this today as I was out delivering for 10 hours.

It is interesting that retired people like you and soon to be retired people like wkmac are so quick to give up the raises of current employees to ensure that your pension checks keep coming in full.

If you are so worried about the health of the pension fund and concerned about other teamsters why don't you gladly accept a smaller monthly check to keep the fund solvent?

My children are raised and I have plenty of money after 30 years at UPS, why would I expect new workers to sacrifice for me?

 

[brownmonster]

I thought about this today as I was out delivering for 10 hours.

It is interesting that retired people like you and soon to be retired people like wkmac are so quick to give up the raises of current employees to ensure that your pension checks keep coming in full.

If you are so worried about the health of the pension fund and concerned about other teamsters why don't you gladly accept a smaller monthly check to keep the fund solvent?

My children are raised and I have plenty of money after 30 years at UPS, why would I expect new workers to sacrifice for me?

Ask the Milkman.

 

[rod]

My children are raised and I have plenty of money after 30 years at UPS, why would I expect new workers to sacrifice for me?

I don't know---maybe because you worked 30 years at UPS and your contributions were taken so that others before you had Social Security and a secure pension. Are you saying the new workers should only have to take care of themselves?

 

[Mugarolla]

It also prevented CS from treating UPS as a steady cash cow knowing they could reduce pensions knowing UPS would be stuck paying the difference. With UPS retirees last to get cuts that takes away that possible abuse.

The million dollar question is...

Would UPS have gone to Congress to get this exemption if they were not on the hook for any CS reductions?

Everyone knows the answer. They could care less about us losing half our CS pension.

They only cared about having to shell more cash if they did not get this exemption.

And they didn't do it because they already gave CS $6.1B, they did it because they guaranteed any cuts by CS.

Just like no other company will do what UPS did because no other company cares that their employees might lose half their pension.

It is not costing any companies money, so they don't care.