UPS Teamsters keeping their next two Wage increases

[Hockeyparent]

I'm just tired of being lied too. At work, all they do is lie and cheat and steal. Then I ask a couple questions. Ruffle some union feathers. And I didn't mean to do that. I just want my fellow union teamsters to smarten up. We make good money. We work hard for that Money. Why give it away for a failing system. At this point a single employer system would work better. UPS teamsters working for UPS teamsters.

 

[Lead Belly]

I think @Hockey D*
Has me on ignore

You're not missing much.

 

[Lead Belly]

Lead Belly---care to explain why you thought this true story was funny?

Because he wants to come back to ups after he got out. He's gotta be nuts. My neighbors dad retired in a teamster pension working for allied waste. He's looking at 1300 a month. He got a J O B at a golf course cutting grass 6:30 am to 11:30. There's other things out there to do in life. He takes the winters off and when it rains. Collecting social security.

 

[IVE GOTTA PACKAGE 4U]

You're not missing much.

Apparently not.

 

[rod]

Because he wants to come back to ups after he got out. He's gotta be nuts. My neighbors dad retired in a teamster pension working for allied waste. He's looking at 1300 a month. He got a J O B at a golf course cutting grass 6:30 am to 11:30. There's other things out there to do in life. He takes the winters off and when it rains. Collecting social security.

Cutting grass seems to be a common relaxing way for retirees to make a few bucks while getting some fresh air. I get 20 bucks an hour to sit on my butt and mow------more or less when I want to.

 

[Lead Belly]

Cutting grass seems to be a common relaxing way for retirees to make a few bucks while getting some fresh air. I get 20 bucks an hour to sit on my butt and mow------more or less when I want to.

God bless ya

 

[ezmoney5150]

On a larger scale, the Republicans are right about this. Their position would be, you should have taken that money for yourself and invested it yourself. Then government voodoo math, at the federal, state, or local level, or any pension math, wouldn't have an effect on you. Trusting some large faceless entity to take care of you is the root problem.

Someone's going to point to what would have happened to my 401k in 2008. The answer is, it would have been fine by 2013. Nothing is going to fix the unfunded pensions, but an infusion of money on a scale nobody has.

Republicans are right about nothing. They are the party of deregulation, which caused this problem. They are anti union and will block any attempt to make it easier to organize. Which would help the pension problems.

Your 401k will never be where it was. If you had $100,000 and lost 40 grand and got back to 100 grand by 2013 you're still losing. You should have been at $140,000. Wall St. Is a Casino that we are forced to gamble in if you want to retire. Which is the way they want it.

 

[Bubblehead]

Because he wants to come back to ups after he got out. He's gotta be nuts. My neighbors dad retired in a teamster pension working for allied waste. He's looking at 1300 a month. He got a J O B at a golf course cutting grass 6:30 am to 11:30. There's other things out there to do in life. He takes the winters off and when it rains. Collecting social security.

They certainly deserves better.

Hopefully their Social Security holds up for them better than their pensions did?

SMH



~Bbbl~™

 

[Gimme Danger]

Our BA told us they wanted to do just that. They met with the company on several occasions but could not reach an agreement.

What did they do?

The pension fund would have to set up a new liability pool, with a company-by-company way of figuring out unfunded liability. Then the union would have ups pay out withdrawal liability over a period of time. And re-enter into the new fund, usually at a lower contribution rate for the same benefit.

 

[UpstateNYUPSer(Ret)]

The pension fund would have to set up a new liability pool, with a company-by-company way of figuring out unfunded liability. Then the union would have ups pay out withdrawal liability over a period of time. And re-enter into the new fund, usually at a lower contribution rate for the same benefit.

The talks were limited to the company paying their unfunded liability and the members (UPS only) being absorbed in to their pension fund. The remaining employers would be given the same option for their employees.

 

[Lead Belly]

The federal government should go after the men and women who owned the trucking companies in freight that closed their doors and didn't pay their pension liabilities. These people still live high on the hog no doubt.

 

[IVE GOTTA PACKAGE 4U]

The federal government should go after the men and women who owned the trucking companies in freight that closed their doors and didn't pay their pension liabilities. These people still live high on the hog no doubt.

Hostess owed our pension fund a ton of money.

 

[Turdferguson]

Hostess owed our pension fund a tin of money.

A completely full coffee tin, or just a half full coffee tin?

 

[UpstateNYUPSer(Ret)]

The federal government should go after the men and women who owned the trucking companies in freight that closed their doors and didn't pay their pension liabilities. These people still live high on the hog no doubt.

They are called LLC's for a reason.

 

[Gimme Danger]

The federal government should go after the men and women who owned the trucking companies in freight that closed their doors and didn't pay their pension liabilities. These people still live high on the hog no doubt.

Bankruptcy law is terrible for workers. Banks and shareholders get first shot at the money.

 

[Coldworld]

MY WAGES ARE IMPORTANT. I have already given them a new roof at my home. How much of the money that has been taken from us, already. How has it helped to satisfy the pension trouble we are in? Ive got a package.... not sure what you mean? I am not on the website much, over the years I've watched discussions, I just decided to start a thread that is important to me and my co workers. SO i am not sure what you mean by that comment, do elaborate.

Don't worry about @IVE GOTTA PACKAGE 4U ...he's an internet scrub....trying to get to 1 million posts on here....he'll just make stuff up sometimes....ignore the troll.

 

[Dracula]

Republicans are right about nothing. They are the party of deregulation, which caused this problem. They are anti union and will block any attempt to make it easier to organize. Which would help the pension problems.

Your 401k will never be where it was. If you had $100,000 and lost 40 grand and got back to 100 grand by 2013 you're still losing. You should have been at $140,000. Wall St. Is a Casino that we are forced to gamble in if you want to retire. Which is the way they want it.

And you're not even mentioning the fees. It's criminal the way they've rigged the 401k system in their favor, and then tell us how much good they're doing us.

 

[Bubblehead]

The federal government should go after the men and women who owned the trucking companies in freight that closed their doors and didn't pay their pension liabilities.

I still don't understand why these companies would have "continuing pension liabilities", providing they made all payments to the pension fund while in business?

Let's say Big Jim's Trucking was in business for 50 years and was participating in a collective bargaining agreement, made all required payments to the pension fund until they closed the doors, why would they still be liable?
How is it that Big Jim's Trucking didn't meet their obligation?

 

[UpstateNYUPSer(Ret)]

I still don't understand why these companies would have "continuing pension liabilities", providing they made all payments to the pension fund while in business?

Let's say Big Jim's Trucking was in business for 50 years and was participating in a collective bargaining agreement, made all required payments to the pension fund until they closed the doors, why would they still be liable?
How is it that Big Jim's Trucking didn't meet their obligation?

Tell us why UPS should pick up Big Jim's slack.

 

[Bubblehead]

Tell us why UPS should pick up Big Jim's slack.

How does Big Jim's have any "slack" to pick up, if they made all pension contributions while in business???