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Whats your #1 wish for 2008 Contract
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<blockquote data-quote="upsdawg" data-source="post: 142118" data-attributes="member: 2020"><p>Brownie----you think that you deserve a COLA increase------don't bet any money on it!! What is our competition making--what is their pension and do they pay for their benefits?? UPS has to be competitive with the FedEx's and DHL's of the world.If the competition has much lower operating costs they can charge much lower rates that UPS and steal customres away from us with lower rates------in order to be competitive UPS has to control it's costs---Labor is the #1 cost---ever stop and think how much money UPS sends to the IBT every year--to cover the cost of UPS Pensions and everybody elses pensions even if they never worked a day for UPS----believe it UPS will look for a way to get out from under this huge cost--what a better way than to change over to a 401 K match---it is what Overnite had in lieu of a defined /earned pension plan---and it worked--no worrys about how the Teamsters are mis-handling their money.With a 401k plan, where the employee has the power to invest it---the money will be there when we're ready to retire. You can only contribute a certain amount in an IRA annually---the 401k match is up to how much you want to put in--and if UPS were match the first 8-12%---that adds up pretty quick over 10-20 years!!</p></blockquote><p></p>
[QUOTE="upsdawg, post: 142118, member: 2020"] Brownie----you think that you deserve a COLA increase------don't bet any money on it!! What is our competition making--what is their pension and do they pay for their benefits?? UPS has to be competitive with the FedEx's and DHL's of the world.If the competition has much lower operating costs they can charge much lower rates that UPS and steal customres away from us with lower rates------in order to be competitive UPS has to control it's costs---Labor is the #1 cost---ever stop and think how much money UPS sends to the IBT every year--to cover the cost of UPS Pensions and everybody elses pensions even if they never worked a day for UPS----believe it UPS will look for a way to get out from under this huge cost--what a better way than to change over to a 401 K match---it is what Overnite had in lieu of a defined /earned pension plan---and it worked--no worrys about how the Teamsters are mis-handling their money.With a 401k plan, where the employee has the power to invest it---the money will be there when we're ready to retire. You can only contribute a certain amount in an IRA annually---the 401k match is up to how much you want to put in--and if UPS were match the first 8-12%---that adds up pretty quick over 10-20 years!! [/QUOTE]
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Whats your #1 wish for 2008 Contract
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