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Pensions cuts
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<blockquote data-quote="JonFrum" data-source="post: 755156" data-attributes="member: 18044"><p>Upstate, how much in wages was diverted to the Pension Fund? Was it 37.5 cents + 42.5 cents + 47.5 cents, (which totals to $1.275)? Or was it more?</p><p> </p><p>Was the vote held in person at the Union Hall? I ask because if it was, I'm quessing mostly older members showed up, so a lot of younger people, especially most part-timers will be suprised they are paying for this as well, even though the problem isn't their fault, and the "fix" may not benefit most of them. [I'm assuming part-timers are in your NYS fund along with full-timers.]</p><p> </p><p>If you have any non-member Agency Fee Payors in your ranks, I assume they can't vote, but still must forfeit the pay raises.</p><p> </p><p>Does UPS only have to contribute to the Pension Fund on your behalf for the first 40 paid hours per week? If so, I'm wondering what happens to your diverted raises for work <u>beyond</u> the forty hours per week. Shouldn't the raises stay in your paycheck for hours 41 and beyond, <u>and</u> be calculated at the overtime rate? Seems weird, but seems logical.</p><p> </p><p>The rest of us may face such a vote soon enough so I'd like to know how it works beforehand.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 755156, member: 18044"] Upstate, how much in wages was diverted to the Pension Fund? Was it 37.5 cents + 42.5 cents + 47.5 cents, (which totals to $1.275)? Or was it more? Was the vote held in person at the Union Hall? I ask because if it was, I'm quessing mostly older members showed up, so a lot of younger people, especially most part-timers will be suprised they are paying for this as well, even though the problem isn't their fault, and the "fix" may not benefit most of them. [I'm assuming part-timers are in your NYS fund along with full-timers.] If you have any non-member Agency Fee Payors in your ranks, I assume they can't vote, but still must forfeit the pay raises. Does UPS only have to contribute to the Pension Fund on your behalf for the first 40 paid hours per week? If so, I'm wondering what happens to your diverted raises for work [U]beyond[/U] the forty hours per week. Shouldn't the raises stay in your paycheck for hours 41 and beyond, [U]and[/U] be calculated at the overtime rate? Seems weird, but seems logical. The rest of us may face such a vote soon enough so I'd like to know how it works beforehand. [/QUOTE]
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