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UPS Union Issues
What if Ups buys out Teamsters/Central States Pension woo`s?
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<blockquote data-quote="barking dog" data-source="post: 205285" data-attributes="member: 10253"><p>I actually believe that the 25/30 and 35 and out are still there and available and contrary to common perception have been there since the central states changes were put in place. The issue is that going before the 57 and 62/65 caused a penalty and then the added cost of retiree health care made it impossible for anyone to use the 25/30 and 35 and out at any age. It has been the cost of retirees health insurance that has stopped many UPS'ers from going eary.</p><p> </p><p>I have not seen where the issue of restoring the 25/30 and 35 and out at any age with the orginial health insurance premimum has been addressed. The proposal appears to mirror the current entitlements and restrictions without any substancial increase in benefits whether it be increased monthly pension amounts or decreased cost of insurance.</p><p> </p><p>These are the questions that need to be asked of the local union officers and central states pension representatives at the contract ratification meetings. After all, what is the sense of giving up the security that multi employer pension with portability in exhange for the exact same benefits under a single employer plan that could be manlipuated by the employer?</p><p> </p><p>The vote to give up the central states is very important and needs to be investigated before marking the ballot.</p></blockquote><p></p>
[QUOTE="barking dog, post: 205285, member: 10253"] I actually believe that the 25/30 and 35 and out are still there and available and contrary to common perception have been there since the central states changes were put in place. The issue is that going before the 57 and 62/65 caused a penalty and then the added cost of retiree health care made it impossible for anyone to use the 25/30 and 35 and out at any age. It has been the cost of retirees health insurance that has stopped many UPS'ers from going eary. I have not seen where the issue of restoring the 25/30 and 35 and out at any age with the orginial health insurance premimum has been addressed. The proposal appears to mirror the current entitlements and restrictions without any substancial increase in benefits whether it be increased monthly pension amounts or decreased cost of insurance. These are the questions that need to be asked of the local union officers and central states pension representatives at the contract ratification meetings. After all, what is the sense of giving up the security that multi employer pension with portability in exhange for the exact same benefits under a single employer plan that could be manlipuated by the employer? The vote to give up the central states is very important and needs to be investigated before marking the ballot. [/QUOTE]
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What if Ups buys out Teamsters/Central States Pension woo`s?
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