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UPS Union Issues
Question about the Union contract
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<blockquote data-quote="DELACROIX" data-source="post: 4938604" data-attributes="member: 49065"><p>I read somewhere on this site that any COLA increases do not apply for those on any progression schedule, but they will be applied once they hit full scale. </p><p></p><p>50 cents minus 33 (COLA Inflation rate) = a 17 cent per hour raise...also will probably have another COLA next year (2022) the way inflation is running.</p><p></p><p>Talks for next contract will probably start once Hoffa leaves office in March 2022..Fully expect that the 2023 Contract will be settled before January 2023, 8 months before expiration, much like the 2008 one.</p><p></p><p>Neither party wants any mention of a strike vote right now...Especially with the Central States issue being settled..That PBGC bailout money will be issued annually over the next 30 years, both parties will be subject to conditions in order to get those funds (83 Billion)...UPS will still be subject to any possible Central States's pension default if the Feds change their minds...The Teamster's will be also under more regularity Compliance by Washington.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4938604, member: 49065"] I read somewhere on this site that any COLA increases do not apply for those on any progression schedule, but they will be applied once they hit full scale. 50 cents minus 33 (COLA Inflation rate) = a 17 cent per hour raise...also will probably have another COLA next year (2022) the way inflation is running. Talks for next contract will probably start once Hoffa leaves office in March 2022..Fully expect that the 2023 Contract will be settled before January 2023, 8 months before expiration, much like the 2008 one. Neither party wants any mention of a strike vote right now...Especially with the Central States issue being settled..That PBGC bailout money will be issued annually over the next 30 years, both parties will be subject to conditions in order to get those funds (83 Billion)...UPS will still be subject to any possible Central States's pension default if the Feds change their minds...The Teamster's will be also under more regularity Compliance by Washington. [/QUOTE]
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Question about the Union contract
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