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Brown Cafe UPS Forum
UPS Union Issues
710 Votes No - 3 to 1 margin
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<blockquote data-quote="Addison Feeder Driver" data-source="post: 1281884" data-attributes="member: 52086"><p>If you were at the most recent 710 meeting you heard the status of our pension. It's doing better than 705's, and better than most. It's in the green category but it's still not 100% funded. Until it's 100% funded for many years they cannot offer any pension increases by law. I was at YRCW when they stopped paying into the pension plan and when they started back up they were paying only 25% so you need 4 years worked for 1 year credit. Sounds like that hurts the pension but it doesn't. It hurts the drivers because only a handful will get 25 years and the rest will work until they die or take a partial pension with a penalty for not having 25 years. </p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="Addison Feeder Driver, post: 1281884, member: 52086"] If you were at the most recent 710 meeting you heard the status of our pension. It's doing better than 705's, and better than most. It's in the green category but it's still not 100% funded. Until it's 100% funded for many years they cannot offer any pension increases by law. I was at YRCW when they stopped paying into the pension plan and when they started back up they were paying only 25% so you need 4 years worked for 1 year credit. Sounds like that hurts the pension but it doesn't. It hurts the drivers because only a handful will get 25 years and the rest will work until they die or take a partial pension with a penalty for not having 25 years. Sent using BrownCafe App [/QUOTE]
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Brown Cafe UPS Forum
UPS Union Issues
710 Votes No - 3 to 1 margin
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