Over70irregs
Well-Known Member
This is meant to tell those in charge we are watching our current/future status.
Yeah, 98% guaranteed to fail.
Bam Now others will take note especially in other plans. Mission accomplished.
Bam Now others will take note especially in other plans. Mission accomplished.
If you trust the calculations. I can't remember when but they changed the rules some time back to allow pensions to use rosy assumptions for their return on investment. 542 looks not bad as their % funded has increased instead of staying stagnant.
Bam Now others will take note especially in other plans. Mission accomplished.
That’s why we need them to wake up and push for better. When they lag it is used as negotiable baggage. It can be doneWhy hide it, everyone knows. Those in the “other plans” have been brainwashed to expect no real improvements anywhere close to what the West currently enjoys.
Keep dropping knowledge.The Western’s pension trusts should continue to improve even in a recession. It is a Multi Employee Monetary Contribution Plan..that means that weekly the employers have to contribute over 500 a week for every full time member and a little less if they are part time. Once you retire All your service years (part time and full time) are counted under one pension formula unlike the Central and Southern’s, which is divided between two separate plans. The Company controlled UPS Pension Plan for part time service past and current and the IBT/UPS Plan reserved for all your full time years.
Another factor for the Western is that they continued to add new members from other fields. The strike in “97” prevented the West coast pensions from looking like the current IBT/UPS Pension Plan, which pays about 1/2 of what the Western enjoys for the same amount of service years and age.
Our backs knees and time with family are all the same.It doesn’t matter…those “others” have already been left behind and have to live with it.
Expecting every member nationwide to get the same pension and heath and welfare is just a pipe dream.
Just too many dirty deals gone bad, concessions and of course politics has a lot to do with the inequality.
2023 is new……This is meant to tell those in charge we are watching our current/future status.