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Brown Cafe UPS Forum
UPS Union Issues
Finally released the pension. Teamster app update
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<blockquote data-quote="DELACROIX" data-source="post: 5669993" data-attributes="member: 49065"><p>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. </p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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 <strong>1 January 2024..?</strong></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5669993, member: 49065"] 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 [B]1 January 2024..?[/B] [/QUOTE]
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Finally released the pension. Teamster app update
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