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Brown Cafe UPS Forum
UPS Union Issues
Question about Central States Funding.
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<blockquote data-quote="Inthegame" data-source="post: 1172590" data-attributes="member: 37112"><p>No "extra money from big locals" goes anywhere. Any local of any size that has participants in Trust Funds pays the costs of benefits for their covered agents. Not another cent can be allocated to Trust Funds. PERIOD.</p><p>Of course UPS contributes more into funds than other companies. UPS is the largest employer of Teamsters so naturally they contribute a larger percent. H&W benefits are based on contribution levels so coverage is increased proportionate to level of contribution. Pension contributions also determine accural rates that then determine benefit payments.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1172590, member: 37112"] No "extra money from big locals" goes anywhere. Any local of any size that has participants in Trust Funds pays the costs of benefits for their covered agents. Not another cent can be allocated to Trust Funds. PERIOD. Of course UPS contributes more into funds than other companies. UPS is the largest employer of Teamsters so naturally they contribute a larger percent. H&W benefits are based on contribution levels so coverage is increased proportionate to level of contribution. Pension contributions also determine accural rates that then determine benefit payments. [/QUOTE]
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Question about Central States Funding.
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