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UPS Union Issues
Congratulations on pension increase
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<blockquote data-quote="bluehdmc" data-source="post: 1134435" data-attributes="member: 18471"><p>I posted this in another thread here. I like the idea of a pension increase but.......</p><p></p><p>The problem I see in giving up $.30 per hr of out raises per year is what happens to the $.45 per hr the company would pay out in OT? </p><p> NOTHING!!! It doesn't get paid! </p><p> Yeah, I know $.30 isn't much $624.00 a yr for 40x52, but if you figure a modest 5 hrs overtime equals $117 per year times 2000 drivers that equals $234,000.00 a yr the company doesnt' have to pay!!</p><p> $468000 the 2nd yr, (the $.30 given up the first yr and $.30 given up the 2nd yr) $702000 the 3rd yr ,$936,000 the 4th yr, $1,170,000 the 5th yr. That's just on the $.45 for OT for 5hrs OT for 2000 drivers. </p><p> I'm not sure how many drivers are in our local but this seems like a win for the company. We're only credited for the first 40 hrs paid in a week. That's OK. I'd be more for this proposal if the OT monies were just put into the general pension fund, not letting the company "save" this money. </p><p></p><p>Read more: <a href="http://www.browncafe.com/forum/f39/getting-shaft-350025/#ixzz2Sqm8rpZ1" target="_blank">http://www.browncafe.com/forum/f39/getting-shaft-350025/#ixzz2Sqm8rpZ1</a></p></blockquote><p></p>
[QUOTE="bluehdmc, post: 1134435, member: 18471"] I posted this in another thread here. I like the idea of a pension increase but....... The problem I see in giving up $.30 per hr of out raises per year is what happens to the $.45 per hr the company would pay out in OT? NOTHING!!! It doesn't get paid! Yeah, I know $.30 isn't much $624.00 a yr for 40x52, but if you figure a modest 5 hrs overtime equals $117 per year times 2000 drivers that equals $234,000.00 a yr the company doesnt' have to pay!! $468000 the 2nd yr, (the $.30 given up the first yr and $.30 given up the 2nd yr) $702000 the 3rd yr ,$936,000 the 4th yr, $1,170,000 the 5th yr. That's just on the $.45 for OT for 5hrs OT for 2000 drivers. I'm not sure how many drivers are in our local but this seems like a win for the company. We're only credited for the first 40 hrs paid in a week. That's OK. I'd be more for this proposal if the OT monies were just put into the general pension fund, not letting the company "save" this money. Read more: [URL]http://www.browncafe.com/forum/f39/getting-shaft-350025/#ixzz2Sqm8rpZ1[/URL] [/QUOTE]
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Congratulations on pension increase
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