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UPS Union Issues
strike / severance fund question...
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<blockquote data-quote="hondo" data-source="post: 1558030" data-attributes="member: 8661"><p>It sounds like L703 has their fund setup as a savings account for its members.</p><p></p><p>The 705 fund, as established in its bylaws, is only to provide for strikes/organizing; and the non-staff organizers only get paid out of the interest earned by the fund. It is funded by a monthly assessment on top of dues. For whatever reasons (that I don't care to speculate on at this time); all dues, initiation fees, assessments, etc show only as "UNIONDUE" on your paystub. This was proposed, debated, voted in, and subsequently amended at the general membership meetings.</p><p></p><p>The 705 strike fund could be amended, however, the assessment would have to be raised significantly. It's currently so low that accounting/administrative costs would eat up the funds.</p><p></p><p>FYI, 705 won at least 2 strikes last year. One of which lasted 28 weeks and included winning precedent setting legal decisions.</p></blockquote><p></p>
[QUOTE="hondo, post: 1558030, member: 8661"] It sounds like L703 has their fund setup as a savings account for its members. The 705 fund, as established in its bylaws, is only to provide for strikes/organizing; and the non-staff organizers only get paid out of the interest earned by the fund. It is funded by a monthly assessment on top of dues. For whatever reasons (that I don't care to speculate on at this time); all dues, initiation fees, assessments, etc show only as "UNIONDUE" on your paystub. This was proposed, debated, voted in, and subsequently amended at the general membership meetings. The 705 strike fund could be amended, however, the assessment would have to be raised significantly. It's currently so low that accounting/administrative costs would eat up the funds. FYI, 705 won at least 2 strikes last year. One of which lasted 28 weeks and included winning precedent setting legal decisions. [/QUOTE]
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