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Brown Cafe UPS Forum
UPS Union Issues
The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
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<blockquote data-quote="Trucker Clock" data-source="post: 5676929" data-attributes="member: 70932"><p>But the actuaries in the West specifically told UPS they do not need any increase in contributions to maintain, and <em>increase</em> current pensions. They are getting plenty of money already </p><p></p><p>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. </p><p></p><p>Do you think UPS should contribute more so that an employee can retire and make more money being retired than working?</p><p></p><p>That’s not what a pension is. The funds not getting an increase said they don’t need one. </p><p></p><p>But you still throw out there…. oh my god, no increase in contributions, that is a concession. Vote no. </p><p></p><p>Do a little research it’s not that hard.</p></blockquote><p></p>
[QUOTE="Trucker Clock, post: 5676929, member: 70932"] But the actuaries in the West specifically told UPS they do not need any increase in contributions to maintain, and [I]increase[/I] 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. [/QUOTE]
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The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
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