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Teamster Pensions - The Ultimate Goal and Weakness of UPS Contract Negotiations
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<blockquote data-quote="InsideUPS" data-source="post: 1104852" data-attributes="member: 31414"><p>While many contract related discussions here on BrownCafe have centered around issues such as co-pay for healthcare, starting wages for part-timers, harassment, over 9.5, and retiree healthcare premiums, <u>I believe the main focus and long term goal of UPS is to eventually control all of the 18 Teamster multi-employer pension funds</u>. UPS already controls the Central States and New England funds. All of the other 16 remaining Teamster Pension funds with the exception of the Western Conference are facing financial difficulties. UPS stands to save <u>significant</u> sums of money (Billions) by paying into a single employer pension plan. The added bonus for UPS controlling the pension funds is that it will eventually weaken the Teamsters into non-existance.</p><p></p><p>(source: <a href="https://web.archive.org/web/20121101071442/http://tdu.org/news/survey-reveals-most-teamster-pension-funds-%E2%80%9Cred-zone%E2%80%9D" target="_blank">Survey Reveals Most Teamster Pension Funds in “Red Zone” | Teamsters for a Democratic Union</a> )</p><p>(on behalf of <span style="color: #008000">Stink</span>....reader discretion is advised)</p><p></p><p>I believe that hall is negotiating our contract in a manner that will preserve the remaining Teamster pension funds as long as possible. His "creative solutions" most likely include "compromised agreements" in order to preserve the financial integrity of the remaining funds. After all, Mr. Hall also represents many other companies that are drawing retirement pay from these very same funds. I personally do not envy his position. </p><p></p><p>The "<span style="color: #ff0000">Red</span>" is in the water and the UPS sharks are gathering for the feast. The "Tightest Ship in the Shipping Business" is not going to sink AND.... will most likely not be throwing too many life rafts in the water. The "Red Herrings" in these negotiations reminds me of the 1997 contract where we were first made to believe, that we the Teamsters, were fighting for <em>"No More Part-time America"</em>.......when in reality....it was control over the Central States Pension Fund.............</p></blockquote><p></p>
[QUOTE="InsideUPS, post: 1104852, member: 31414"] While many contract related discussions here on BrownCafe have centered around issues such as co-pay for healthcare, starting wages for part-timers, harassment, over 9.5, and retiree healthcare premiums, [U]I believe the main focus and long term goal of UPS is to eventually control all of the 18 Teamster multi-employer pension funds[/U]. UPS already controls the Central States and New England funds. All of the other 16 remaining Teamster Pension funds with the exception of the Western Conference are facing financial difficulties. UPS stands to save [U]significant[/U] sums of money (Billions) by paying into a single employer pension plan. The added bonus for UPS controlling the pension funds is that it will eventually weaken the Teamsters into non-existance. (source: [URL='https://web.archive.org/web/20121101071442/http://tdu.org/news/survey-reveals-most-teamster-pension-funds-%E2%80%9Cred-zone%E2%80%9D']Survey Reveals Most Teamster Pension Funds in “Red Zone” | Teamsters for a Democratic Union[/URL] ) (on behalf of [COLOR=#008000]Stink[/COLOR]....reader discretion is advised) I believe that hall is negotiating our contract in a manner that will preserve the remaining Teamster pension funds as long as possible. His "creative solutions" most likely include "compromised agreements" in order to preserve the financial integrity of the remaining funds. After all, Mr. Hall also represents many other companies that are drawing retirement pay from these very same funds. I personally do not envy his position. The "[COLOR=#ff0000]Red[/COLOR]" is in the water and the UPS sharks are gathering for the feast. The "Tightest Ship in the Shipping Business" is not going to sink AND.... will most likely not be throwing too many life rafts in the water. The "Red Herrings" in these negotiations reminds me of the 1997 contract where we were first made to believe, that we the Teamsters, were fighting for [I]"No More Part-time America"[/I].......when in reality....it was control over the Central States Pension Fund............. [/QUOTE]
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