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Brown Cafe UPS Forum
UPS Discussions
Pensions cuts
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 755414" data-attributes="member: 12570"><p>Jon, the way it was explained to us is that we would lose one of our split raises each year for the next 3 years and that should be enough to get our pension out of critical status. If we do get a pay raise in the 2013 NMA that will go to us, not the pension. I personally do not see us getting any raises in lieu of not having to pay for health care. BTW, we don't pay the $8.565/per hour, UPS does.</p><p> </p><p>Our pension lost nearly $900M in 2008. We also have about 5,000 more retirees than actives.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 755414, member: 12570"] Jon, the way it was explained to us is that we would lose one of our split raises each year for the next 3 years and that should be enough to get our pension out of critical status. If we do get a pay raise in the 2013 NMA that will go to us, not the pension. I personally do not see us getting any raises in lieu of not having to pay for health care. BTW, we don't pay the $8.565/per hour, UPS does. Our pension lost nearly $900M in 2008. We also have about 5,000 more retirees than actives. [/QUOTE]
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