Look at this from Freightmaster way back in 2007.
Brothers and sisters we're down to the 11th hour on the UPS attempt to destroy the Central States Pension Fund! Jim H. and Ken H. say it is a good deal, UPS execs say it is a good deal, and the analysts say it is a good deal....but what about our pension fund trustees? What about our UNION TRUSTEES?! Where is Fred G., Chuck W., Jerry Y., and George W.?! Where is the Executive Director of Central States, Tom N.?! Why the "dead silence" from the Fund?!
Freight members like me want to hear from our trustees what is going on with the fund! Not that we don't trust our IBT officials, or the UPS execs, but when push comes to shove in the next 5 to 10 years, and another "perfect storm" comes along and kills the stock market and the fund suffers again big time, we want to make sure that UPS kicked enough into the fund to protect ALL the active and retired participants of the Central States Pension Fund!
The media and the analysts sometimes like to make us think that Central States only consists of ABF, Roadway, USF Holland, Yellow, and UPS! In reality the Central States Pension Fund covers Teamster employees at approximately 2400 employers! Yes there are Central States participants in Airline, Bakery & Laundry, Brewery & Soft Drink, Building Materials & Construction Trade, Carhaul, Dairy, Food Processing, Freight, Graphic Communications, Industrial Trades, Motion Picture & Theatrical, Newspaper, Magazine & Electronic Media, Parcel & Small Package, Port, Public Services, Rail, Solid Waste, Tankhaul, Trade Show & Convention Center, and Warehouse! 2400 EMPLOYERS WHO PROVIDE THEIR 143,631 ACTIVE AND 212,021 RETIRED EMPLOYEES WITH PENSIONS THROUGH THE CENTRAL STATES PENSION FUND!
I WANT TO HEAR FROM OUR TRUSTEES THAT MULTI-EMPLOYER PENSION PLANS ARE A GOOD THING AND THAT IT IS NOT IN THE BEST INTERESTS OF THE 355,652 PARTICIPANTS AND THEIR 2400 EMPLOYERS TO LET OUR BIGGEST AND STRONGEST EMPLOYER TO PULL OUT OF OUR PENSION FUND AND PUT THE REMAINING ACTIVE AND RETIRED MEMBERS LEFT IN THE FUND AT RISK!
Let's keep the heat on Central States to give us the real story! Let's draw the line in the sand with our pension fund, and let ALL the employers who would like to destroy it know that we WILL NOT LET IT HAPPEN!
IT'S NOT JUST ABOUT THE PARCEL & SMALL PACKAGE DIVISION VS. THE FREIGHT DIVISION...IT'S ABOUT ALL 20 TEAMSTER DIVISIONS VS. OUR GREEDY EMPLOYERS!
/////STAY UNITED AND FIGHT THE POWER////:USA:
Freightmaster1,
Sep 30, 2007 Report
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