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Company and teamsters have a tenative agreement taking over Central States ?
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<blockquote data-quote="wkmac" data-source="post: 228685" data-attributes="member: 2189"><p>I've always found that very interesting myself. Over the last several years since the 2004' changes to CS, the strongest advocates here against any other option but staying put have been from non-CS covered folks. I think most of that is just driven by the ole' conspiratorial fear factor of UPS taking over the world and then slamming us all in cages to only be let out to deliver their packages and then locked back up afterwards. </p><p> </p><p>What I also find ironic is the fact that only UPS and CS have reach an agreement and I'm sure that boils down mostly to what the final withdrawal fee will be. All the other details have yet to be worked out as to the specifics of just what and how a UPS/IBT fund would be setup and adminstered. We are way ahead of the curve of where reality is at and it's true many of us here are jumping the gun so to speak but as one who is in CS, it more a reaction of hope. We know with CS what we have and the future is shakey at best with it. </p><p> </p><p>So far, UPS has made a very open ended promise that their plan would at least return us to the pre-2004' CS levels <span style="font-size: 18px">"BUT" </span><span style="font-size: 10px">what are all the conditions to get there?</span></p><p> </p><p><strong>Will we lose the option week to pay for this as rumors have hinted?</strong></p><p><strong>Will we get a reduced payraise?</strong></p><p><em>Money doesn't grow on trees, Brown ones neither, and something in the end has to pay for all of this. Some form of payreduction or you'll do more work than you are now to add the dollars to the coffiers to pay for it.</em></p><p><strong>Will there be a "any age and out" or will we have a minimum age requirement to retire?</strong></p><p><em>UPS management to my understanding has to work until 55 to get medical so I would think we'll see that as well and we might even still have a min. age of 57 so don't assume anything.</em></p><p><strong>Will there be retire work rules? </strong></p><p><em>This one is huge with me BTW as I can take a lot of other things. I'm not convinced at this point that this rule is not something the IBT wanted more than CS but UPS' current plans have no such rule and here is the IBT's chance to shut me up on this once and for I and for my sake as well as others, I hope they do so bigtime!</em></p><p> </p><p><span style="font-family: 'Comic Sans MS'">Here's a biggee.</span> <strong>Will this new plan grant credit for my 26 FT years already completed or will I get a check from CS for the 26 and then a check from UPS for the rest?</strong> <em>That was a huge question back in 97' that no one had the answer for and I've not seen the hard facts on that one either. Even APWA can't grant back credit in it's pension plans.</em></p><p> </p><p>I'm sure there are tons of other questions we could add to this list and the bottomline answers may make this a good deal and then again it may not. We should not assume anything right now! For years we assumed about CS and look where that got us.</p><p> </p><p>I'm delighted that this issue after 10 years wasted is finally being discussed and looked at only because the IBT has a fudicary responsibility IMO to see to our best interests and go the best route possible for us. Hoffa is facing a huge crossroads in that he may be the one who oversees a massive move of union power (and make no mistake, this is) away from the IBT and at best a divided power between the IBT and UPS as it relates to UPS employees within that jurisdiction. </p><p> </p><p>It doesn't mean in the end <strong><span style="font-size: 15px">they</span></strong> will nor does it mean <strong><span style="font-size: 15px">we</span></strong> should accept anything in the form of a blank promise especially from UPS. What we may face in a major decision ahead of us is going to be very important and it's also important to put emotions aside and really think and ask the hard questions of both sides. This time we have to hold some feet to the fire because this is likely our one shot to get this right. Very fine details and reading all the fine print will be oh so important.</p><p> </p><p>In a perfect world, give me a lumpsum payoff to roll into my 401k and then take the same amount going to CS and roll that into my 401k but we don't live in perfect worlds. Assume nothing from either side and make both sides proves all points and it's got to be clear in writting. <span style="font-size: 18px"><strong><em><u>Period!</u></em></strong></span></p></blockquote><p></p>
[QUOTE="wkmac, post: 228685, member: 2189"] I've always found that very interesting myself. Over the last several years since the 2004' changes to CS, the strongest advocates here against any other option but staying put have been from non-CS covered folks. I think most of that is just driven by the ole' conspiratorial fear factor of UPS taking over the world and then slamming us all in cages to only be let out to deliver their packages and then locked back up afterwards. What I also find ironic is the fact that only UPS and CS have reach an agreement and I'm sure that boils down mostly to what the final withdrawal fee will be. All the other details have yet to be worked out as to the specifics of just what and how a UPS/IBT fund would be setup and adminstered. We are way ahead of the curve of where reality is at and it's true many of us here are jumping the gun so to speak but as one who is in CS, it more a reaction of hope. We know with CS what we have and the future is shakey at best with it. So far, UPS has made a very open ended promise that their plan would at least return us to the pre-2004' CS levels [SIZE=5]"BUT" [/SIZE][SIZE=2]what are all the conditions to get there?[/SIZE] [B]Will we lose the option week to pay for this as rumors have hinted?[/B] [B]Will we get a reduced payraise?[/B] [I]Money doesn't grow on trees, Brown ones neither, and something in the end has to pay for all of this. Some form of payreduction or you'll do more work than you are now to add the dollars to the coffiers to pay for it.[/I] [B]Will there be a "any age and out" or will we have a minimum age requirement to retire?[/B] [I]UPS management to my understanding has to work until 55 to get medical so I would think we'll see that as well and we might even still have a min. age of 57 so don't assume anything.[/I] [B]Will there be retire work rules? [/B] [I]This one is huge with me BTW as I can take a lot of other things. I'm not convinced at this point that this rule is not something the IBT wanted more than CS but UPS' current plans have no such rule and here is the IBT's chance to shut me up on this once and for I and for my sake as well as others, I hope they do so bigtime![/I] [FONT=Comic Sans MS]Here's a biggee.[/FONT] [B]Will this new plan grant credit for my 26 FT years already completed or will I get a check from CS for the 26 and then a check from UPS for the rest?[/B] [I]That was a huge question back in 97' that no one had the answer for and I've not seen the hard facts on that one either. Even APWA can't grant back credit in it's pension plans.[/I] I'm sure there are tons of other questions we could add to this list and the bottomline answers may make this a good deal and then again it may not. We should not assume anything right now! For years we assumed about CS and look where that got us. I'm delighted that this issue after 10 years wasted is finally being discussed and looked at only because the IBT has a fudicary responsibility IMO to see to our best interests and go the best route possible for us. Hoffa is facing a huge crossroads in that he may be the one who oversees a massive move of union power (and make no mistake, this is) away from the IBT and at best a divided power between the IBT and UPS as it relates to UPS employees within that jurisdiction. It doesn't mean in the end [B][SIZE=4]they[/SIZE][/B] will nor does it mean [B][SIZE=4]we[/SIZE][/B] should accept anything in the form of a blank promise especially from UPS. What we may face in a major decision ahead of us is going to be very important and it's also important to put emotions aside and really think and ask the hard questions of both sides. This time we have to hold some feet to the fire because this is likely our one shot to get this right. Very fine details and reading all the fine print will be oh so important. In a perfect world, give me a lumpsum payoff to roll into my 401k and then take the same amount going to CS and roll that into my 401k but we don't live in perfect worlds. Assume nothing from either side and make both sides proves all points and it's got to be clear in writting. [SIZE=5][B][I][U]Period![/U][/I][/B][/SIZE] [/QUOTE]
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