A CLUB FOR RETIRED UPSERS
This Club consists of IBT Local 705 and 710 along with IAM Local 701 Hourly United Parcel Service employees eligible to Retire or Retired in the Chicagoland Area. We would like to see other chapters of this Club start up in other areas so we can communicate and exchange information, as Buster Brown is Renown. This Club was started by FEEDER DRIVERS, but open to all PACKAGE CAR DRIVERS, DOCK WORKERS, PORTERS, MECHANICS and CLERICAL WORKERS so long as they are or were Hourly Union Worker's when they retired.
"Sorry No Management" as there is a
limited need of supervision!
"There is a GREAT LIFE after
United Parcel Service"
© Copyright P.U.P.S. Inc. 2001-2009, All Rights Reserved
PURPOSES OF P.U.P.S. INC.
The purposes for which P.U.P.S., Inc. has been organized are as follows:
(a) To foster and promote interchange of ideas and cooperation among its members.
(b) To collect and disseminate information of
interest and benefit to its membership.
(c) To be irrevocably dedicated to, and operated exclusively for, non-profit purposes, to the end that no part of the net earnings of P.U.P.S., Inc. shall be distributed to or inure to the benefit of any member, director, officer or any other individual.
National Alliance of "BROWN"
Employees and Retirees
N.A.B.E.R.
N.A.B.E.R. INC. is a organization formed to help UPSers (hourly employees and hourly retirees) meet the challanges of working for or being retired from the world's largest transportion company.
UPS/705 Collective Bargainning Agreement Can Be Found HERE
Upcoming PUPS Meetings
Tinley Park VFW Hall
17147 S Oak Park Ave.
Tinley Park, IL
Jan. 16, 2010
Mar. 20, 2010
May 15, 2010
July 17, 2010
Held at the
Annual Picnic
Lombard VFW Hall
39 E. St. Charles Rd.
Villa Park, IL
Sept. 18, 2010
Nov. 20, 2010
Meetings Begin Sharply At
10:00am
Pension Fund -705 -Dec. '06
Few UPSer wrote their representatives and senators concerning Pension Reform..Big business (UPS) got almost everything they asked for..
"ALL pension funds are now forced to report lower funded liability because of this "Reform Act". This shows most in the 60% funded bracket. (not just 705 or 710) A lot more are lower than that. Two years from now, the funds will be showing less funded liability because they will be allowed then and starting only then to use their actuarial accrual numbers. Something the geniuses in Washington won't allow now...
Being 100% funded is not were to be. The companies then are on "Holiday" and no longer have to contribute to your fund. Ask United Airlines about this. Being underfunded keeps them in the fund and the contributions coming and the fund growing. If United had done that, they never would have been in the shape they're in now" -Steve Pocztowski
"Funding a pension plan is like buying a home. You likely take out a mortgage loan to pay for the home. As you make mortgage payments, your equity in your home (the portion of the home that is "yours") grows.
The "Funded Percentage" is like your equity in the home. While the goal is to ultimately own your home ( a Funded Percentage of 100% or more), the amount of equity you have in your home today does not indicate your ability to meet that goal in the future."
-Local 705 Pension Plan explanation letter for the "Summary Annual Report" and Annual Funding Notice." 12/14/06
IN AN INSTANT, RETIREMENT SAVINGS VANISH
Online IRA Accounts
May Have No Protection
While credit card and online banking accounts are legally protected in the event of fraud, IRA brokerage accounts may come with no such insurance.
