Local 396 has decided to take .25 an hour from two pension contribution programs and re-allocate them to hourly wages for the first year only. After advising the members that "they" negotiated higher wages for 396 members, they had to admit that this "raise" of wages was merely a re-allocation of the employees funds from one place to another. It had been represented that the Local negotiated higher wages for it members making us the highest paid UPS employees in the country, however,it turns out that "we" the members are paying our own wage increase. The increase is so marginal that it is a joke. The .25 cents over 1 year will amount to about nothing after taxes. If an employee is lucky, after taxes he/she will clear about .15 of that .25 cents therefore making it useless. Why not just leave that money alone in the pension programs. All a play on words....anything to force us to vote YES on this contract. I have already voted NO and I recommend that all 396 members vote this contract down and force the Union and the Company to sit back down and fix this nightmare on paper. For those in other locals, check and see if any funds were diverted from your pensions to your hourly wages.!! Peace.