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Aug 1 70 cent raise!! How much will you be making?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1377138" data-attributes="member: 12570"><p>It's nice to see that we are on the same page.</p><p></p><p>My projected pension is roughly $5K/month. Recent retirees have been closer to $6K while older retirees receive nearly $7K/month. Did I bitch that I wasn't getting the same pension as those who retired before me? No because I understand that our multi-employer pension fund is in critical status and that I should be thankful that I will getting anywhere near what I am projected to get. Does it suck that new hires will be performing the same work for a longer period of time for less than half of the pension? Absolutely. Would I be willing to take a lesser pension to ensure that those who follow will receive a pension increase? Absolutely not. Would I be willing to take a lesser pension to ensure that UPSers in other locals would receive a more equitable pension? Absolutely not.</p><p></p><p>I truly hope that UPS buys out of our pension, like they did in Boston. Yes, it would decimate the pension fund, but at least our pensions would be protected. Our pension fund is being hurt by those employers who have either stopped contributing (YRC), those who are looking to buy out their obligation (Graymont) or those who are behind in their contributions.</p><p></p><p>Truth be told, this would be much easier if every UPSer were covered by the same set of rules, which would include the same pension requirements and monthly payment amount.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1377138, member: 12570"] It's nice to see that we are on the same page. My projected pension is roughly $5K/month. Recent retirees have been closer to $6K while older retirees receive nearly $7K/month. Did I bitch that I wasn't getting the same pension as those who retired before me? No because I understand that our multi-employer pension fund is in critical status and that I should be thankful that I will getting anywhere near what I am projected to get. Does it suck that new hires will be performing the same work for a longer period of time for less than half of the pension? Absolutely. Would I be willing to take a lesser pension to ensure that those who follow will receive a pension increase? Absolutely not. Would I be willing to take a lesser pension to ensure that UPSers in other locals would receive a more equitable pension? Absolutely not. I truly hope that UPS buys out of our pension, like they did in Boston. Yes, it would decimate the pension fund, but at least our pensions would be protected. Our pension fund is being hurt by those employers who have either stopped contributing (YRC), those who are looking to buy out their obligation (Graymont) or those who are behind in their contributions. Truth be told, this would be much easier if every UPSer were covered by the same set of rules, which would include the same pension requirements and monthly payment amount. [/QUOTE]
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Aug 1 70 cent raise!! How much will you be making?
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