Thebrownblob
Well-Known Member
Well, most of the people that need to be there to sign off are in DC right now, for the two man.. I’m not disagreeing with you. I’m just explaining what’s going on, that I know about.
Finally released the pension. Teamster app update
- Thread starter Spicybrother
- Start date
I'm afraid..
upschuck
Well-Known Member
Wednesday, Thursday, Friday? Was there no urgency?
Idk, doesn't instill confidence.
Thebrownblob
Well-Known Member
Oh, I get it brother. I’m not against you. I’m just telling you what I know.
I can promise you if it was my choice, it would’ve already been done
upschuck
Well-Known Member
Just thinking out loud, that's all. Not shooting the messenger. I know that feeling.Oh, I get it brother. I’m not against you. I’m just telling you what I know.
I can promise you if it was my choice, it would’ve already been done
DELACROIX
In the Spirit of Honore' Daumier
govols019
You smell that?
I think you mean 22 states...not locals.
Wally
BrownCafe Innovator & King of Puns
Why for just 22, and what local's or state's are they? Would not these local's getting special treatment have to be listed in the article in question?
DELACROIX
In the Spirit of Honore' Daumier
Thebrownblob
Well-Known Member
Central.
Heard that as well from someone quite reputable also, you are 100% accurate in saying that. Only for the one group of 22 states (CSPF)
BrownFlush
Woke Racist Reigning Ban King
Sorry.
It is 22 states, not locals.
It is Central.
It is 22 states, not locals.
It is Central.
DELACROIX
In the Spirit of Honore' Daumier
Trying to read this legalize tripe on Article 34...From what I am reading those pension trusts that are in trouble will get that 40 dollar a week contribution, but 20 of that has to go into their Health and Welfare packages the rest goes into their troubled pension plans. The pension plans that are currently within the required vesting ratio, like the IBT/UPS and the Western will not get any further monetary weekly increases from the Company.
If the Health and Welfare plans start to lose money in the last two years of this TA, another .20 will automatically kick in...They should not have to take it our of our GWIs, even though there is language for such an action.
I expect there will be some changes in 2028 in the IBT/UPS Pension benefits, some real strange language about keeping those listed benefits past 2028...is it good or bad is anybody's guess.
So if you meet those requirements like 25 years over the age of 55, are you eligible for those enhanced increases listed at the bottom if you decide to retire on 1 January 2024..?
TheOCbaby
Member
Western States got screwed on pension. Western is effectively getting a 33% rate cut in pension contributions, which remain flat the entire duration of the contract. IBT gave some gaslighting story about how they are so well-funded already that they didn't need so much new contributions, and that they should give up a huge chunk of their future contributions to Central States and New England. Essentially, Western was given a decreased contribution that would work out to about a $277.40 monthly increase for each 2080 hours worked in a year vs. about a $390 monthly increase for each 2080 hours worked this current year. Granted, the past two years were quite exceptional contributory years, and it would've been surprising to match them considering the wage increase, but we still don't like being told it's an increase when it is clearly NOT. The contribution rate is down, so it is a decrease.
BrownFlush
Woke Racist Reigning Ban King
Compared to what Western has always got compared to everybody else, you've never been screwed like the rest of us.
UnionStrong
Sorry, but I don’t care anymore.
Share the wealth.
Just A UPS Guy
Bully.
Wtf? We've never got any more from the contract than anyone else.
