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UPS Union Issues
The Western Conference and Local 177 H&W DISASTER!
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<blockquote data-quote="PiedmontSteward" data-source="post: 1213415" data-attributes="member: 42270"><p>At least with TeamCare, the affected members would know what they were getting and would also enjoy the financial strength of being in a H&W fund with hundreds of thousands of other participants. One of the major knocks members had with TeamCare were potential GWI diversions to H&W in case the plan became underfunded.. which is still going to be the case in any Taft-Hartley plan with CBAs that contain a wage diversion caveat. </p><p></p><p>What's the alternative? The members in 177 and the Western Conference didn't want TeamCare and instead opted for a carve out. Now, the carve out seems less financially secure and I don't really understand how it can offer comparable/better benefits than the C6 enhanced plan. H&W and pension plans always do better when they have a large pool spanning a diverse array of industries.</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 1213415, member: 42270"] At least with TeamCare, the affected members would know what they were getting and would also enjoy the financial strength of being in a H&W fund with hundreds of thousands of other participants. One of the major knocks members had with TeamCare were potential GWI diversions to H&W in case the plan became underfunded.. which is still going to be the case in any Taft-Hartley plan with CBAs that contain a wage diversion caveat. What's the alternative? The members in 177 and the Western Conference didn't want TeamCare and instead opted for a carve out. Now, the carve out seems less financially secure and I don't really understand how it can offer comparable/better benefits than the C6 enhanced plan. H&W and pension plans always do better when they have a large pool spanning a diverse array of industries. [/QUOTE]
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