Let’s Get It In Writing From the Fund
President Howie Redmond and the Local 804 Executive Board sent a letter to all Local 804 members promising that no matter what happens on Wall Street our pensions are secure.
They say that under a Letter of Understanding negotiated with UPS, the company is responsible for making extra contributions […]

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Could Lose $150 Million+ in 2008
The Local 804 Pension Fund lost $58.8 million in assets in the first six months of 2008 according to fund documents obtained by 804 Members United. Our Pension Fund had $736.9 million in assets at the beginning of the year. Now we’re down to $678.1 million.
The worst news […]

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Documents obtained by Local 804 Members United reveal that Local 804 officials were talking with the company about pension cuts as early as January 2005—nearly two years before the membership was blindsided by pension cuts.
According to the documents, our Pension Fund Trustees had actuaries running projections that included cutting benefits to as low as $2,500 […]

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