Benben
Working on a new degree, Masters in BS Detecting!
UPS donates a set amount per driver.
Turnover within driver ranks does not increase or decrease pension costs to UPS unless the total number of drivers changes.
Driver's not working but 10 - 20 years, would decrease the amount of payout from the Teamster pension funds.
If there was excess money in pension fund, Teamster officials would take care of the excess.
Sorry but you are a tad bit off according to what I have been told. UPS does not,"donate a set amount per driver." The contract has UPS "paying" the Teamsters Union a set amount per full time worker up to 8 hours a day. The payment goes towards the teamster's health insurance AND pension programs. This payment is why we had the last contract rammed down our throats. After 8 hours that charge goes away and it actually becomes advantageous for the company even with paying the overtime rate. This is the exact reason why it is so much cheaper for UPS to work 2 top wage drivers 12 hours a day instead of 2 top wage and 1 first year driver 8 hours each.