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Brown Cafe UPS Forum
UPS Union Issues
ABF and Yellow's Intent to Leave IBT multiemployer plans
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<blockquote data-quote="raceanoncr" data-source="post: 202915" data-attributes="member: 6408"><p>Hah! This is funny! "UPS followed thru on their end"? Well, lete's see...on page 5 of the "Employer Proposal" it states:</p><p> </p><p><strong>No benefits are payable unless the participant has at least 5 years of vesting credit or has reached Normal Retirement Age while an employee </strong></p><p> </p><p>What's that mean? Say you got 26 years in when this, supposedly, would pass (August 01, 2008, that's what it says here). You had planned on working 30. No good! Now you gotta work 31. 26 with CS, 5 with UPS. Otherwise you only get your 26, that's it! "UPS followed thru on their end"? I don't think so!</p><p> </p><p>Listen to this<img src="/community/styles/default/xenforo/smilies/frown.png" class="smilie" loading="lazy" alt=":(" title="Frown :(" data-shortname=":(" />will condense for space purposes but will quote in it's entirety if you would like)</p><p> </p><p><strong>...if a management trustee position becomes open on any pension plan in which UPS is a participating employer with no UPS employees as a management trustee ...and the plan does not appoint a UPS management employee to full the open position, UPS may elect to cease to have an obligation to contribute to that fund...</strong></p><p> </p><p> </p><p>Like that? As volatile as UPS can be when it comes to getting things their way, how long do you think it will be before there are "no UPS employees as a management trustee"? Taking care of their end of business? </p><p> </p><p>You make me laugh! Tell me some more facts!</p></blockquote><p></p>
[QUOTE="raceanoncr, post: 202915, member: 6408"] Hah! This is funny! "UPS followed thru on their end"? Well, lete's see...on page 5 of the "Employer Proposal" it states: [B]No benefits are payable unless the participant has at least 5 years of vesting credit or has reached Normal Retirement Age while an employee [/B] What's that mean? Say you got 26 years in when this, supposedly, would pass (August 01, 2008, that's what it says here). You had planned on working 30. No good! Now you gotta work 31. 26 with CS, 5 with UPS. Otherwise you only get your 26, that's it! "UPS followed thru on their end"? I don't think so! Listen to this:(will condense for space purposes but will quote in it's entirety if you would like) [B]...if a management trustee position becomes open on any pension plan in which UPS is a participating employer with no UPS employees as a management trustee ...and the plan does not appoint a UPS management employee to full the open position, UPS may elect to cease to have an obligation to contribute to that fund...[/B] Like that? As volatile as UPS can be when it comes to getting things their way, how long do you think it will be before there are "no UPS employees as a management trustee"? Taking care of their end of business? You make me laugh! Tell me some more facts! [/QUOTE]
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ABF and Yellow's Intent to Leave IBT multiemployer plans
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