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Brown Cafe UPS Forum
UPS Union Issues
UPS/Teamster pension?
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<blockquote data-quote="177member" data-source="post: 257883"><p>I am in the jointly controlled plan that covers Local 177. Our plan has been as low as 51 percent funded recently. We are currently under attack from UPS for the same drastic cuts that they got from Local 804. That is; a 35% cut in accruals and raising the retirement age to 62. An arbitrator’s decision has been sealed pending the outcome of the vote on the current contract proposal. Both the UPS and Teamster trustees are responsible for the problems in our pension. I fear that our local is looking to hide or minimize their blame by agreeing to any contract, quick and dirty, that props our pension back up to previous levels. Even if this contract is ratified, we will not have gotten any increase since the previous contract and we could still get cuts.</p></blockquote><p></p>
[QUOTE="177member, post: 257883"] I am in the jointly controlled plan that covers Local 177. Our plan has been as low as 51 percent funded recently. We are currently under attack from UPS for the same drastic cuts that they got from Local 804. That is; a 35% cut in accruals and raising the retirement age to 62. An arbitrator’s decision has been sealed pending the outcome of the vote on the current contract proposal. Both the UPS and Teamster trustees are responsible for the problems in our pension. I fear that our local is looking to hide or minimize their blame by agreeing to any contract, quick and dirty, that props our pension back up to previous levels. Even if this contract is ratified, we will not have gotten any increase since the previous contract and we could still get cuts. [/QUOTE]
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