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Brown Cafe UPS Forum
UPS Union Issues
Can please fill me in
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<blockquote data-quote="Inthegame" data-source="post: 1163181" data-attributes="member: 37112"><p>A bit hazy on your reply here but once again CS H&W is not CS Pension. The H&W contribution level determines benefits so your claim that UPS H&W contributions will "give concessions to failing companies" is just flat out wrong. If a failing company makes insufficient or no contributions into an H&W plan that employers members benefits are reduced or suspended. It's a pay as you go proposition, not structured anything like pensions. </p><p></p><p>Unless other Teamster contracts specify that wages can be diverted into Funds under certain conditions (as does the UPS TA), that practice would be illegal.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1163181, member: 37112"] A bit hazy on your reply here but once again CS H&W is not CS Pension. The H&W contribution level determines benefits so your claim that UPS H&W contributions will "give concessions to failing companies" is just flat out wrong. If a failing company makes insufficient or no contributions into an H&W plan that employers members benefits are reduced or suspended. It's a pay as you go proposition, not structured anything like pensions. Unless other Teamster contracts specify that wages can be diverted into Funds under certain conditions (as does the UPS TA), that practice would be illegal. [/QUOTE]
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