Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions

[BigUnionGuy]

The issue is that it's our money.

If you had direct control over it.... it would be.

Our mechanic told me yesterday that he's got 15 yrs in at UPS shortly and his pension will be $3000/mo.

Right.

He also said that another mechanic is retiring at 35 yrs of service and that his monthly pension will be $11-12000/mo.

They get the same contribution that I get.

Are you that gullible ?

Come on....



-Bug-

 

[10 point]

If you had direct control over it.... it would be.





Right.





Are you that gullible ?

Come on....



-Bug-

I'm just reporting what I was told. The Center manager told us that the mechanics retirement was about $9,000 a month for 30 years of service. That was said about a month ago. So the mechanic and I were talking last night and he said that if he retired with 15 years of service that he gets $3,000 a month for his pension.
Our mechanic is s very honest person. I've known him for several years and he's repaired my personal vehicles.
He's not a liar like some on this forum.
So yes, I believe what he told me.

It's obvious that he's not in CS.

 

[BigUnionGuy]

I'm just reporting what I was told. The Center manager told us that the mechanics retirement was about $9,000 a month for 30 years of service.

And you believed that ?

Our mechanic is very honest person. I've known him for several years and he's repaired my personal vehicles.

All of your posts.... are starting to make sense.... now.



-Bug-

 

[10 point]

And you believed that ?





All of your posts.... are starting to make sense.... now.



-Bug-

Couldn't care less.

 

[rod]

Considering most mechanics get VERY little overtime pay are you saying that he is now going to get way more after retiring than he makes now? $12,000 a month pension is $148,000 a year. NO WAY. Don't be so gullible.

 

[10 point]

Considering most mechanics get VERY little overtime pay are you saying that he is now going to get way more after retiring than he makes now? $12,000 a month pension is $148,000 a year. NO WAY. Don't be so gullible.

I am not saying anything. This was what I was told.
If he will give me his information supporting that this next week I will post it without his name because it was sent to him in a letter that is easily verifiable.

 

[rod]

I am not saying anything. This was what I was told.
If he will give me his information supporting that this next week I will post it without his name because it was sent to him in a letter that is easily verifiable.

We will be waiting ---I want to see this.

 

[10 point]

We will be waiting ---I want to see this.

No problem.

 

[Whatbrownwontdoforyou]

I am not saying anything. This was what I was told.
If he will give me his information supporting that this next week I will post it without his name because it was sent to him in a letter that is easily verifiable.

What is an average annual salary for mechanics in your area

 

[UpstateNYUPSer(Ret)]

Considering most mechanics get VERY little overtime pay are you saying that he is now going to get way more after retiring than he makes now? $12,000 a month pension is $148,000 a year. NO WAY. Don't be so gullible.

Is that Minnesota math?

 

[rod]

$144,000

 

[UpstateNYUPSer(Ret)]

There is no way his pension will be anywhere near $9-12K/month.

 

[Lead Belly]

An IMAC mechanic or maintenance ups employee gets 6400 top out for their pension. This will change in the near future because it unsustainable. In my opinion also irresponsible.

 

[Lead Belly]

What is an average annual salary for mechanics in your area

Around the same as us.

 

[Lead Belly]

My dad can beat up your dad and I have a girlfriend but she lives in another stay called and they think a 12,000 a month pension is totally believable.

 

[10 point]

Try IAM?

 

[Dracula]

Fair enough. Now tell me how many of those retirees, if given this money upfront rather than having it held for them, would have had the wherewithall to properly invest it, thus assuring a secure retirement?

Well, I can't say that I disagree with that, but that was not the question.

 

[Dracula]

Around the same as us.

In hourly rate. But everywhere I go, driving feeders, OT is a rare thing for mechanics. Drivers, PC and feeders, CAN make way more than any other hourly worker here. Most seem to prefer it, not working OT.

 

[Lead Belly]

In hourly rate. But everywhere I go, driving feeders, OT is a rare thing for mechanics. Drivers, PC and feeders, CAN make way more than any other hourly worker here. Most seem to prefer it, not working OT.

Yea a mechanic can make money on the side doing side work.

 

[Mugarolla]

Try IAM?

Correct.

Are you that gullible ?

Come on....

10 point is correct. Apparently you are clueless.

And you believed that ?

You should know better. I would think a Big Union Guy would have a clue as to what other UPS union pensions are.

All of your posts.... are starting to make sense.... now.

I guess if you mean he is correct on this, then he is probably correct on all his other posts.

Considering most mechanics get VERY little overtime pay are you saying that he is now going to get way more after retiring than he makes now? $12,000 a month pension is $148,000 a year. NO WAY. Don't be so gullible.

They got the same pension contributions and increases that we did. They managed it better.

There is no way his pension will be anywhere near $9-12K/month.

Wanna bet?

An IMAC mechanic or maintenance ups employee gets 6400 top out for their pension. This will change in the near future because it unsustainable. In my opinion also irresponsible.

We're talking IAM, not IMAC. But there is speculation about sustainability, although it is good right now.

$9150/mo for 30 years
$10675/mo for 35 years.