Wage increases eaten by pension

Discussion in 'UPS Discussions' started by OZZ, Oct 12, 2007.

  1. OZZ

    OZZ Guest

    I thought this was important enough to have its own thread.

    Originally Posted by mike42
    The other problem that I see is that if pension and health care costs go up, which we know that they will, the way I read the contract proposal is that the company can take up to .35 cents an hour of your pay and move it to the pension or health care costs.

    That is $0.35 cents twice a year out of our meger wage increace. They can do this without a vote by us. If they want to move even more we would get to vote. So we might get most of our raises diverted into the pension!