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UPS Union Issues
Local 710
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<blockquote data-quote="DELACROIX" data-source="post: 5686558" data-attributes="member: 49065"><p>I believe that their separate pension benefits are run thru Article 34 (master). If it is true that they negotiated pension increases for their current retirees this Contract it would open up the possibility of every pension plan doing the actual same thing, now or in the future.</p><p></p><p>Still not enough details yet to see if those increases are COLA driven. At one time the Chicago teamsters had one of the best pension plans out there, I remember back in “94” a Chicago area business agent showed me the pension benefits.</p><p></p><p>It ran about 100 dollars a service year or 3,000 a month for a 30 year pension. It was far superior to what Central States was paying back in the day.</p><p></p><p>I believe their part timers are still under the company controlled UPS Pension Plan, any vested time as a part timer will still pay peanuts.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5686558, member: 49065"] I believe that their separate pension benefits are run thru Article 34 (master). If it is true that they negotiated pension increases for their current retirees this Contract it would open up the possibility of every pension plan doing the actual same thing, now or in the future. Still not enough details yet to see if those increases are COLA driven. At one time the Chicago teamsters had one of the best pension plans out there, I remember back in “94” a Chicago area business agent showed me the pension benefits. It ran about 100 dollars a service year or 3,000 a month for a 30 year pension. It was far superior to what Central States was paying back in the day. I believe their part timers are still under the company controlled UPS Pension Plan, any vested time as a part timer will still pay peanuts. [/QUOTE]
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