I for one, think that anyone who puts up with the job at UPS for the required length of time, regardless of what job you do should retire with the ability to not look for another job. Your pension should be enough to support the lifestyle you have been accustomed to. UPS paid in to your pension fund and it should be returned to you in abundance. UPS has no control over how your pension is disbursed to you. UPS only pays into the multi-employer pension fund and how they disburse it is up to them. The problem lies with all the other multi-employers who are no longer employers, but they are still drawing from your money that UPS paid in for you. This is what happens in Communist countries.
Your pension should only be a portion of your retirement plans. There are many options out there to pay for your retirement. You can invest in just about anything, what it takes is self discipline to do it. Payroll deductions are the easiest way, because once you start it, you don't have to worry about writing a check. It does not take a lot to do it either. You can go $5 per paycheck to get started and over time, that adds up. The more you set aside now, the better you will have it when you retire.
As for the IBT, I have always said that there was a time in the past where the IBT was a good thing. There was a time when coming to work put your life at risk, not just at UPS, but pretty much any industry. I stand fast in my belief that the time has passed. Not for all unions, but it appears that the IBT is falling apart and that even their own members don't trust them either. Don't believe me, read some of the posts here. With all of the defunct companies out there who are taking your pension from you, I for one would be fired up and looking for an alternative. I know it is a brotherhood, but there comes a time when the brother needs to either get his act together, or get out of the house. To me, I see that it is that time.
If there is an alternative, it may be worth exploring. I am not trying to tell anyone what to do, just an observation and a little advice.
I have seen other posts that refer to "the devil you know is better than the devil you don't." If you are referring to the IBT as the devil, (figuratively of course), then perhaps maybe you should look into the new devil and see what is being offered. After all, when you retire and your pension fund is bankrupt, do you think all the other retirees who have taken your pension in the past are going to come bail you out. No they won't, they will thank you for paying for their retirement, and keep laughing. Who will bail you out then. The government won't, their too busy spending your tax dollars on $90 hammers, and fighting to keep our oil in the ground to protect a peice of land that few people will ever see. No, I submit that the only entity that will come to your aid is the very company that many people hate to work for, BIG BROWN, and the only thing that will be said then is "they should have done something sooner." You have the opportunity to make the change now, but the only thing I see is that many people are too scared to commit to making a change.
I left the military after 10 years of service, empty handed, because I was displeased with the way my career path was going. I squandered the $1300 per month pay and did not save a thing. Plus, I was and still am married with one child, now 3 children. I put myself through college, no earn and learn. I worked p/t at UPS, and my wife raised our child. No I did not have another job either and no other income. We struggled for 3 years to get it done, but it has paid off in the long run. We do not live in a $250,000 house, though we could, we are happy living in a small single story home in the country with 3 acres of land. We did not like living the way we were, but we do not feel the need to show off now. We are happy and that is what counts. My point is change is not a bad thing. Poor planning and not reading the signs are bad things. The signs are all over the place about pension funds (not just the IBT, all of them), the bad thing is not everyone is paying attention to the signs because they are afraid of change.
Either it gets fixed now or pay for it later, it is that simple.