UPS to freeze pension plans for nonunion staffers

[IVE GOTTA PACKAGE 4U]

That's pretty good....I just posted and within 30 seconds you responded.....lmao!!! On a serious side, the treatment of employees should be one of Sean O's top priority during negotiations.....

Guess we are going to find out.

 

[Coldworld]

Guess we are going to find out.

Sounds like ups has no intentions to start negotiations early.... has anyone heard different... @IVE GOTTA PACKAGE 4U, what do your sources say about that???

 

[Brownslave688]

That's pretty good....I just posted and within 30 seconds you responded.....lmao!!! On a serious side, the treatment of employees should be one of Sean O's top priority during negotiations.....

What are they gonna do?


All of the language is there that needs to be there.

 

[Brownslave688]

Sounds like ups has no intentions to start negotiations early.... has anyone heard different... @IVE GOTTA PACKAGE 4U, what do your sources say about that???

Which tells me they aren't even remotely worried about a strike which means bent over the barrel again.

 

[Catatonic]

It was a good read for a while. Probably wouldn't be so pleasant if I was in the pension.

At this point, that might be a good thing, move to another company for better compensation.
UPS is not really a place to stay with any more unless you are on the fast track.

 

[Brownslave688]

At this point, that might be a good thing, move to another company for better compensation.
UPS is not really a place to stay with any more unless you are on the fast track.

He's on the fast track but going to need some better knee pads to stay on it.

 

[burrheadd]

I believe that's the Busboys

Urban myth

 

[Catatonic]

Why isn't the union stepping up for these guys.... yes, you can't fix stupid but this isn't the case for every single "discharge"!!

Because the Teamsters do not have to pay out for them from the Teamster Pension plans.

 

[Brownslave688]

Please please tell me what tax cuts to the rich has to do with it?

Waiting @MAKAVELI

 

[Brownslave688]

Because the Teamsters do not have to pay out for them from the Teamster Pension plans.

That's one way to increase funding

 

[MAKAVELI]

Waiting @MAKAVELI

The Bush Era Tax Cuts Didn't Create The Wealth They Were Supposed To
The failure of Republicans to deliver on their promise that tax cuts would be mostly self-financing is a large factor in the deterioration in our long-run fiscal outlook, and it is putting considerable pressure on programs such as Social Security. In fact, the Bush tax cuts can be thought of as a loan from the Social Security Trust Fund that was supposed to be paid back with the revenues from higher economic growth, a loan that is presently in default.

To see this, recall that the government began intentionally collecting a surplus from the Social Security program beginning in 1983 in order to prefund the retirement needs of baby boomers. The idea was to run a surplus for several decades while the baby-boomers were still working to get ready for the deficit years the system would experience after they retired.

The revenue from Social Security over and above what was needed to fund payouts reduced the overall government debt and allowed taxes to be lower than they could have been without these surplus funds. For example, the surplus that Bush inherited from the Clinton administration was largely due to the Social Security Trust Fund, and Bush argued it would be better to give this surplus to the private sector through tax cuts than to leave it in the hands of the government.

 

[FrigidFTSup]

At this point, that might be a good thing, move to another company for better compensation.
UPS is not really a place to stay with any more unless you are on the fast track.

I'm happy doing what I'm doing. It isn't as crazy as everyone makes it out to be.

 

[UpstateNYUPSer(Ret)]

I'm happy doing what I'm doing. It isn't as crazy as everyone makes it out to be.

Are you on Linkedin "just in case"?

 

[FrigidFTSup]

Are you on Linkedin "just in case"?

Definitely. Even if you don't intend to leave it is good to know what is out there.

 

[UpstateNYUPSer(Ret)]

Definitely. Even if you don't intend to leave it is good to know what is out there.

That's what my son does as well. He can't go anywhere until September (3 years for full 401k match) but has already put a few applications in closer to home.

 

[Brownslave688]

The Bush Era Tax Cuts Didn't Create The Wealth They Were Supposed To
The failure of Republicans to deliver on their promise that tax cuts would be mostly self-financing is a large factor in the deterioration in our long-run fiscal outlook, and it is putting considerable pressure on programs such as Social Security. In fact, the Bush tax cuts can be thought of as a loan from the Social Security Trust Fund that was supposed to be paid back with the revenues from higher economic growth, a loan that is presently in default.

To see this, recall that the government began intentionally collecting a surplus from the Social Security program beginning in 1983 in order to prefund the retirement needs of baby boomers. The idea was to run a surplus for several decades while the baby-boomers were still working to get ready for the deficit years the system would experience after they retired.

The revenue from Social Security over and above what was needed to fund payouts reduced the overall government debt and allowed taxes to be lower than they could have been without these surplus funds. For example, the surplus that Bush inherited from the Clinton administration was largely due to the Social Security Trust Fund, and Bush argued it would be better to give this surplus to the private sector through tax cuts than to leave it in the hands of the government.

"Raiding" ss started with Lyndon Johnson.


The Iraq war was stupid and bush was no genius but this was coming long before he took office.

 

[Catatonic]

That's what my son does as well. He can't go anywhere until September (3 years for full 401k match) but has already put a few applications in closer to home.

One should change companies at least 3 times in their first 7 years ... it's how one gets decent pay raises in today's world.
Corporations don't care for loyalty as they do for diversity.
Just because UPS does it a certain way does not mean it is the best way.
UPS is still resistant but once over 50% of management has worked at other companies, that will be more acceptable way of thinking.

 

[MAKAVELI]

"Raiding" ss started with Lyndon Johnson.


The Iraq war was stupid and bush was no genius but this was coming long before he took office.

Bush compounded and exacerbated the problem.

 

[Brownslave688]

Bush compounded and exacerbated the problem.

He also increased the amount of money going into ss per worker.
From 80k to 106k of taxable income.

 

[Catatonic]

The Bush Era Tax Cuts Didn't Create The Wealth They Were Supposed To
The failure of Republicans to deliver on their promise that tax cuts would be mostly self-financing is a large factor in the deterioration in our long-run fiscal outlook, and it is putting considerable pressure on programs such as Social Security. In fact, the Bush tax cuts can be thought of as a loan from the Social Security Trust Fund that was supposed to be paid back with the revenues from higher economic growth, a loan that is presently in default.

To see this, recall that the government began intentionally collecting a surplus from the Social Security program beginning in 1983 in order to prefund the retirement needs of baby boomers. The idea was to run a surplus for several decades while the baby-boomers were still working to get ready for the deficit years the system would experience after they retired.

The revenue from Social Security over and above what was needed to fund payouts reduced the overall government debt and allowed taxes to be lower than they could have been without these surplus funds. For example, the surplus that Bush inherited from the Clinton administration was largely due to the Social Security Trust Fund, and Bush argued it would be better to give this surplus to the private sector through tax cuts than to leave it in the hands of the government.

Basically true but paragraph three might seem to indicate that actual funds were taken from the Soc Sec Trust Fund when that is not the case.
Soc Sec Funding is in trouble because people are living too long and the workforce is shrinking ... more people receiving SS than are paying into it.