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Brown Cafe UPS Forum
UPS Union Issues
Biggest scam is on all UPS hourly employees
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<blockquote data-quote="Bill" data-source="post: 169265" data-attributes="member: 5483"><p>I am showing you the past 30 years to indicate what should be in everyones pension fund. The Teamsters are not giving us (at least those in Central States) what we should have earned through UPS contributions. This is due to other obligations such as paying for retirees in other companies, as well as funding their own pensions. We only receive 40% of the money that UPS contributes. The future projections are another issue. If the annual contributions by UPS stays the same, we all should have at least $1.2 million. However, each year UPS has contributed more, and if this trend continues, then logically we should all have that much more. The Teamsters believe it is their money to do as they see fit. Doesn't it make sense that if we had a union that represented only UPS employees, all the pension money would go to us and not have to be shared as is the current status with the Teamsters. The numbers under the Teamster leadership either past or present simply are not giving us what we have worked hard for. </p><p>As for the older drivers who are close to retiring, they should receive at least what the Teamsters are offering. The process will take a suit filed by the APWA. A precedent has already been set in a lawsuit dating back to 1991 and appealed in 1993. The Teamsters will be forced to turn over a proportionate amount of pension money that they still have in the fund. In addition, the older drivers will have more security for their families as well as a guaranteed monthly premium of $300 for medical instead of up to $1040 that the Teamsters have implemented. Also, under the APWA, we will not have to work until the age of 65 as the Teamsters in Central States want us to. How many of the package car drivers will be able to work at the ripe old age of 65?</p></blockquote><p></p>
[QUOTE="Bill, post: 169265, member: 5483"] I am showing you the past 30 years to indicate what should be in everyones pension fund. The Teamsters are not giving us (at least those in Central States) what we should have earned through UPS contributions. This is due to other obligations such as paying for retirees in other companies, as well as funding their own pensions. We only receive 40% of the money that UPS contributes. The future projections are another issue. If the annual contributions by UPS stays the same, we all should have at least $1.2 million. However, each year UPS has contributed more, and if this trend continues, then logically we should all have that much more. The Teamsters believe it is their money to do as they see fit. Doesn't it make sense that if we had a union that represented only UPS employees, all the pension money would go to us and not have to be shared as is the current status with the Teamsters. The numbers under the Teamster leadership either past or present simply are not giving us what we have worked hard for. As for the older drivers who are close to retiring, they should receive at least what the Teamsters are offering. The process will take a suit filed by the APWA. A precedent has already been set in a lawsuit dating back to 1991 and appealed in 1993. The Teamsters will be forced to turn over a proportionate amount of pension money that they still have in the fund. In addition, the older drivers will have more security for their families as well as a guaranteed monthly premium of $300 for medical instead of up to $1040 that the Teamsters have implemented. Also, under the APWA, we will not have to work until the age of 65 as the Teamsters in Central States want us to. How many of the package car drivers will be able to work at the ripe old age of 65? [/QUOTE]
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