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Brown Cafe UPS Forum
UPS Retirement Topics
The truth about the new UPS/IBT pension plan
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<blockquote data-quote="JonFrum" data-source="post: 265143"><p>Actually, the offer was silent on the Social Security Offset issue. The offer didn't say there was one, or there wasn't one. My Local President told me on the strike line, that UPS would not rule it out and put it in writing. This made it seem that a Social Security Offset might well be in the final version, or we would have to "pay" in the negotiation process, to keep it out. Remember "the offer" was not a pension plan, but a sales brochure that promised a pension plan would be negotiated after the strike was over and we all returned to work. By then our negotiating strength would have dwindled considerably. </p><p></p><p>Tie, I've asked you before to scan and post that copy of "the offer" you say you have, and I'm asking you again, now.</p><p> </p><p></p><p></p><p>Actually, the offer was for a jointly-trusteed plan, not a co-administered plan. UPS would appoint the Administrator. This is important because the Administrator makes all the day-to-day decisions.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 265143"] Actually, the offer was silent on the Social Security Offset issue. The offer didn't say there was one, or there wasn't one. My Local President told me on the strike line, that UPS would not rule it out and put it in writing. This made it seem that a Social Security Offset might well be in the final version, or we would have to "pay" in the negotiation process, to keep it out. Remember "the offer" was not a pension plan, but a sales brochure that promised a pension plan would be negotiated after the strike was over and we all returned to work. By then our negotiating strength would have dwindled considerably. Tie, I've asked you before to scan and post that copy of "the offer" you say you have, and I'm asking you again, now. Actually, the offer was for a jointly-trusteed plan, not a co-administered plan. UPS would appoint the Administrator. This is important because the Administrator makes all the day-to-day decisions. [/QUOTE]
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The truth about the new UPS/IBT pension plan
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