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Brown Cafe UPS Forum
UPS Retirement Topics
UPS subsidizing non ups pensions
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<blockquote data-quote="Bill" data-source="post: 127745" data-attributes="member: 5483"><p><strong>Re: UPS Pension Subsidy of NonUPSers</strong></p><p></p><p></p><p>Let me simplify this for you. UPS contributes to a multi-pension plan administered by the Teamsters. Some of the companies in our plan are Yellow, Consolidated, Roadway, ABF and UPS. Yellow freight has 8625 retirees and 6546 contributors. Consolidated (out of business) has 792 retirees and 0 contributors. Roadway has 7520 retireees and 6385 contributors. ABF has 4666 retirees and 2655 contributors. UPS has 6865 retirees and 40000 contributors. We are paying the bulk and receiving only 40% return. We need to vote the Teamsters out and start our own union. The UPS pilots did it and now they are an independent union for UPS pilots only. They just received a 26% salary increase and a better pension. If they can do it, then we also can follow their lead and secure our future.</p></blockquote><p></p>
[QUOTE="Bill, post: 127745, member: 5483"] [b]Re: UPS Pension Subsidy of NonUPSers[/b] Let me simplify this for you. UPS contributes to a multi-pension plan administered by the Teamsters. Some of the companies in our plan are Yellow, Consolidated, Roadway, ABF and UPS. Yellow freight has 8625 retirees and 6546 contributors. Consolidated (out of business) has 792 retirees and 0 contributors. Roadway has 7520 retireees and 6385 contributors. ABF has 4666 retirees and 2655 contributors. UPS has 6865 retirees and 40000 contributors. We are paying the bulk and receiving only 40% return. We need to vote the Teamsters out and start our own union. The UPS pilots did it and now they are an independent union for UPS pilots only. They just received a 26% salary increase and a better pension. If they can do it, then we also can follow their lead and secure our future. [/QUOTE]
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