Well Brothers I got my letter from CSPF today and I am not happy. It looks as though if you are a member that has worked for an employer that has paid the top freight pension rate and you have never worked for a ORPHAN company then you will be getting a 48% cut to your pension.
This doesn't include any penalties for early retirement age 62 or 65 which ever group you fall in.
It also said that yrc will have to start increasing their contribution by two and three percent starting in 2019. Good luck with that Brothers. No mention of them having to pay full rates.
They may reduce the UPS transfer groups, but if they do UPS will kick in the difference. Remember I say they MAY cut theirs.
They are going to cut ours but they MAY NOT cut the UPS pensions because then UPS would have to spend money. And after all they wouldn't want that now would they?
NOW THEY HAVE GIVEN US SOMETHING ELSE TO CRY ABOUT OTHER THAN UNIFORMS.
For those that are now called ORPHANS you will be cut to the bone. I am sorry to hear that my Brothers are going to to forced to work longer than they wanted. And many will die without seeing one day of retirement.
But it could be worse but I just can't see how. YOUR CAN COLLECTING BROTHER ALWAYS!
This doesn't include any penalties for early retirement age 62 or 65 which ever group you fall in.
It also said that yrc will have to start increasing their contribution by two and three percent starting in 2019. Good luck with that Brothers. No mention of them having to pay full rates.
They may reduce the UPS transfer groups, but if they do UPS will kick in the difference. Remember I say they MAY cut theirs.
They are going to cut ours but they MAY NOT cut the UPS pensions because then UPS would have to spend money. And after all they wouldn't want that now would they?
NOW THEY HAVE GIVEN US SOMETHING ELSE TO CRY ABOUT OTHER THAN UNIFORMS.
For those that are now called ORPHANS you will be cut to the bone. I am sorry to hear that my Brothers are going to to forced to work longer than they wanted. And many will die without seeing one day of retirement.
But it could be worse but I just can't see how. YOUR CAN COLLECTING BROTHER ALWAYS!