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Message: <blockquote data-quote="local804" data-source="post: 251502" data-attributes="member: 1123"><p>Under a UPS-Teamster pension, the trustees get to vote and control every aspect of the pension. Our pension was underfunded (so they say)so the trustees  voted to reduce our pension 30%. With or without a majority vote, they can force the descision to an arbitrator which defeats the purpose of having trustees. Management controls all of the company trustees spots. The reasons for underfunding can be blamed from the stock market ,people living longer,to mis-matching the penion contributions which is the trustees total blame. In these boards we hear about everyone wanting an "All UPSers Pension plan"   well guess what, I have an All Upsers pension plan and it isnt what we all think it would be(actually prob 98% Upsers).</p></blockquote><p></p>