The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?

[IVE GOTTA PACKAGE 4U]

My Financial guy says that with my pension and my wifes and mines SS we could live just fine. Her State pension has always just went into savings and my Military disability and small State pension is just icing on the cake as is the "over 70 forced payout of about a grand a month on our investment portfolio. I'm sure we would survive on JUST our pensions if we needed to because we have NO PAYMENTS ON ANYTHING-NOTHING-ZILTCH- NADA. It's surprising how easy the money comes when you have no payments or kids living off you. Hope this helps.

Thank you rod
Unfortunately most people don't understand that

But I'm sure you can tell the rest of us how far your pension check doesn't stretch like it did two plus decades ago

 

[govols019]

Pension increases?

Yes...though I don't plan on going out under this contract and those increases aren't guaranteed for the next one.

 

[IVE GOTTA PACKAGE 4U]

Yes...though I don't plan on going out under this contract and those increases aren't guaranteed for the next one.

Sounds like I'm trying to find a way to get rid of our pension

 

[rod]

Thank you rod
Unfortunately most people don't understand that

But I'm sure you can tell the rest of us how far your pension check doesn't stretch like it did two plus decades ago

Luckily I never had to rely on just my pension check. We always have had a decent nest egg saved up for if there was a rainy day.

 

[UnionStrong]

Sounds like I'm trying to find a way to get rid of our pension

It’s definitely in their plans

 

[DELACROIX]

It’s definitely in their plans

“Looking into my crystal ball, button up my sleeves”



A positive yes on that one

 

[Wally]

 

[Wally]

For all but two funds—the IBT-UPS and New England funds—and one local rider, the Southwest, the company will contribute at the same rate as in the prior contract, with zero increases.

 

[UnionStrong]

For all but two funds—the IBT-UPS and New England funds—and one local rider, the Southwest, the company will contribute at the same rate as in the prior contract, with zero increases.

Looks ok too me

 

[Wally]

Looks ok too me

The union leadership is all about equality but not when it comes to pension contributions.

 

[UnionStrong]

The union leadership is all about equality but not when it comes to pension contributions.

Especially when some are way better than others.

 

[Wally]

Especially when some are way better than others.

Not their job to punish some locals while favoring other's.

 

[Trucker Clock]

For all but two funds—the IBT-UPS and New England funds—and one local rider, the Southwest, the company will contribute at the same rate as in the prior contract, with zero increases.

But the actuaries in the West specifically told UPS they do not need any increase in contributions to maintain, and increase current pensions. They are getting plenty of money already

I can’t understand you guys that say it is a concession for UPS not to increase contribution rates. The actuaries of the plans say they are good with the current rate.

Do you think UPS should contribute more so that an employee can retire and make more money being retired than working?

That’s not what a pension is. The funds not getting an increase said they don’t need one.

But you still throw out there…. oh my god, no increase in contributions, that is a concession. Vote no.

Do a little research it’s not that hard.

 

[Wally]

But the actuaries in the West specifically told UPS they do not need any increase in contributions to maintain, and increase current pensions. They are getting plenty of money already

I can’t understand you guys that say it is a concession for UPS not to increase contribution rates. The actuaries of the plans say they are good with the current rate.

Do you think UPS should contribute more so that an employee can retire and make more money being retired than working?

That’s not what a pension is. The funds not getting an increase said they don’t need one.

But you still throw out there…. oh my god, no increase in contributions, that is a concession. Vote no.

Do a little research it’s not that hard.

Need? We work for that money. We are not working so so another plan can get our money.

 

[UnionStrong]

Need? We work for that money. We are not working so so another plan can get our money.

Your money? Lol. They didn’t take anything out of your fund.

 

[Johney]

Your money? Lol. They didn’t take anything out of your fund.

MYOFB

 

[IVE GOTTA PACKAGE 4U]

Your money? Lol. They didn’t take anything out of your fund.

I think what he's saying that none of us got a raise in our pensions.
My multiplier stays the same for the next 5 years and there's no new additional money being added to

 

[Trucker Clock]

Need? We work for that money. We are not working so so another plan can get our money.

And here I thought we were a Union shop. The same pay for the same work.

The West was getting $8K while the Central was getting $4K.

The West will still get their 8K, and more, while the Central gets $5300.

Yes, you worked for that. You worked for a pension. You make $90k working and your pension is $90K.

The Central will still only get $67K. $25K less per year, for a Union shop where everyone should be equal. Quit bitching.

 

[Trucker Clock]

I think what he's saying that none of us got a raise in our pensions.
My multiplier stays the same for the next 5 years and there's no new additional money being added to

Correct. But your fund did not say there will be no increases. They just don’t know how much yet.

 

[Wally]

And here I thought we were a Union shop. The same pay for the same work.

The West was getting $8K while the Central was getting $4K.

The West will still get their 8K, and more, while the Central gets $5300.

Yes, you worked for that. You worked for a pension. You make $90k working and your pension is $90K.

The Central will still only get $67K. $25K less per year, for a Union shop where everyone should be equal. Quit bitching.

Bad investments? Every fund gets the same contribution is how it works.