You guys need to exercise some patience. I spent the day watching college football at my local pub yesterday, which I find much more enjoyable than answering the same questions from you over and over and over..... Anyone catch the Ohio St/Michigan game? That helmet to helmet call was was weak.
When UPSF elects a bargaining agent, the new agent will take control of the pension/retirement fund. In the IBT's case, they will roll all of this money into their funds-- Central States, Western Conference, New England, Central PA, etc.... Your monthly payout will be reflected by the individual health of each fund. In the Western Conference, you may have no decrease. In the New England and Central States, expect to see a decrease in the value of your retirement. CS is already telling your co-workers in Texas that they will give 2years credit for every three years of service. Thats 33% of their retirement $$$ gone.
Should APWA become the agent, they will be awarded control of the retirement funds and continue to invest it. They will not be using your money to improve the financial stability of fund because the pension will already be 100% funded. At the least, you will receive the pension you were promised. With good market returns, this could be increased because UPS has used your retirment money to purchase bonds with a fixed interest rate that is below the market return.
So to review, UPSF employees nearing retirement would see no decrease and likely no increase in their pension under APWA control. If you have 10+ years left, you could see an increase in your monthly check. Should IBT manage your funds, then your monthly check could be decreased by up to 33% depending on what conference you would be in.
Were there other questions?