Finally released the pension. Teamster app update

[Pullman Brown]

Wtf? We've never got any more from the contract than anyone else.

 

[Just A UPS Guy]

Compared to what Western has always got compared to everybody else, you've never been screwed like the rest of us.

Share the wealth.

You hear this @542thruNthru? We deserve to get the short end. Lmfao

Like The West is the only one getting shorted here. @IVE GOTTA PACKAGE 4U

 

[IVE GOTTA PACKAGE 4U]

You hear this @542thruNthru? We deserve to get the short end. Lmfao

Like The West is the only one getting shorted here. @IVE GOTTA PACKAGE 4U

I am not happy with the terms of myself either

 

[Just A UPS Guy]

View attachment 440713

What does that have to do with my post? I'm well aware of our benefit.

 

[Pullman Brown]

What does that have to do with my post? I'm well aware of our benefit.

Nothing. 10-4. Roger. Didn’t know if you had seen this. Yes sir. Roger. 10-4 good Buddy!

 

[Just A UPS Guy]

Nothing. 10-4. Roger. Didn’t know if you had seen this. Yes sir. Roger. 10-4 good Buddy!

My point being, we've managed to accomplish that with the same contributions from the company as anyone else.

 

[Pullman Brown]

My point being, we've managed to accomplish that with the same contributions from the company as anyone else.

Honestly, I have no knowledge of y’all’s pension was just sharing information from the western that’s all.

 

[BrownFlush]

You hear this @542thruNthru? We deserve to get the short end. Lmfao

Like The West is the only one getting shorted here. @IVE GOTTA PACKAGE 4U

"Deserve got nothin' to do with it." - Clint Eastwood in Unforgiven

 

[DELACROIX]

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.

The West did not give any of their future pension contributions to the IBT/UPS or the UPS Pension Fund. Those under those two plans do not get any weekly monetary contributions, they are funded at the end of the year to cover their negotiated obligations only. Remember also that UPS will offset those improvements when those retirees reach age 65 with any vested service under Central States. Every growing year in that plan saves the Company billions, add to that them eliminating future pension obligations for their management people, which will save them 1 to 2 billion annually.. they got their (cost neutral) goal by forgoing any additional increases in their monetary pension contributions and transferring them to our GWI’s.

That 600 to 1,000 increase in their pension plan had been long overdue, the UPS Pension Plan for our part timers and any service prior for our current full timers is a joke compared to the other conferences. Our part timers will get less than a 200 dollar increase over the next 5 years and that is capped at 35 years. Now compare that to those part timers in the West under Peer 84, what will they get with 35 years service that isn’t capped. Twice or even three times as much..?

Do not blame us if UPS had total control over our pension benefits and are more than willing to manipulate them without any fear from the International, they been doing that for decades now.

There were “private understandings” that we are privy enough to know back when UPS bought out of the Central in 2007…maybe that is why we have been seeing total weakness with any improvements over the years with the Central and Southern supplements and related Riders.

Had this Contract been scripted right after the last one is anyone’s guess, it is plausible.

 

[reginald95]

Compared to what Western has always got compared to everybody else, you've never been screwed like the rest of us.

If 3 people are given the same amount of money to turn a profit and person A makes a killing and the other 2 blow that money, Person A shouldn't have to then receive less money because the other 2 are incompetent.

 

[DriveInDriveOut]

If 3 people are given the same amount of money to turn a profit and person A makes a killing and the other 2 blow that money, Person A shouldn't have to then receive less money because the other 2 are incompetent.

Okay.
So how did the central "blow that money"?
Honestly curious.

 

[DELACROIX]

Okay.
So how did the central "blow that money"?
Honestly curious.

A lot of nasty history with the Central…

Then the Feds took over….

Deregulation with trucking in the 80’s…

Companies declared bankruptcy or negotiated out in order to get rid of their future pension obligations.

2008 Market Crash…

Decreased membership.. growing retirees..

The Central never diversified their contributors, relying too much on the trucking industries.

 

[DOK]

That's above my pay grade but my guess that the contributions are reduced because it is fully funded?

Thanks for clarifying.
Was wondering what was the net affect of this reduction? Noticed it in more than one supplement.

 

[DELACROIX]

View attachment 440713

Now compare these totals to our members under the Central and Southern even with the TA's enhancements...notice anything..?

 

[Thebrownblob]

Now compare these totals to our members under the Central and Southern even with the TA's enhancements...notice anything..?

Yes, the west is still best

 

[UnionStrong]

Yes, the west is still best

Crybabies, suck it up.

 

[Pullman Brown]

Now compare these totals to our members under the Central and Southern even with the TA's enhancements...notice anything..?

Yes, the west is still best

Crybabies, suck it up.

 

[UnionStrong]

Wtf? We've never got any more from the contract than anyone else.

Hand over the loot!

 

[FeederDriverIL]

I hang my towel on it after I shower

 

[FeederDriverIL]

Share the wealth.

You tell 'em! You are awesome!