Hawfuh Sux
Old Guard Assassin!
The $2.50 pension increase over the life of the 5 year regressive Tentative Agreement does not add up in the Southwest Package Rider Supplemental Agreement. For example full-time UPS Teamsters in the Southwest currently get $9.60 contributed into their pensions per hour. Upon ratification of this agreement, the Southwest will only see it rise to $9.85. As you can see that's only a $0.25 increase and not the $0.50 the IBT has been implying. When this question was raised, my BA stated that the other $0.25 were going into the development of TEAMCARE.
Its only in the second and third years of the Southwest Rider that members get the $.50 cent pension increase per year.
However, there is no guaranty that we will receive any contributions on the fourth and fifth years. The Southwest Rider language for 8/1/2016 and 8/1/2017 reads "the pension increase will be in accordance with Article 34 of the National Master Agreement and will be between $0.00 and $0.50, which will be added to the contribution rate of $10.85 per hour."
Article 34 of the National Master Agreement reads "TBD based on Central States' Cost" in the years 2016 and 2017.
In other words, us in the Southwest are only being guaranteed to get $1.25 pension increase over 5 years and not $2.50.
Why hasn't this issue been addressed by the company friendly and pro-Hoffa/Hall camp?
Its only in the second and third years of the Southwest Rider that members get the $.50 cent pension increase per year.
However, there is no guaranty that we will receive any contributions on the fourth and fifth years. The Southwest Rider language for 8/1/2016 and 8/1/2017 reads "the pension increase will be in accordance with Article 34 of the National Master Agreement and will be between $0.00 and $0.50, which will be added to the contribution rate of $10.85 per hour."
Article 34 of the National Master Agreement reads "TBD based on Central States' Cost" in the years 2016 and 2017.
In other words, us in the Southwest are only being guaranteed to get $1.25 pension increase over 5 years and not $2.50.
Why hasn't this issue been addressed by the company friendly and pro-Hoffa/Hall camp?