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UPS Subsidiaries
UPS Freight = TForce Freight
Why vote NO!!
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<blockquote data-quote="sppollock" data-source="post: 1145227" data-attributes="member: 9879"><p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'">Just double checking the pension formula and I decided to do the math before my contract explanation meeting this weekend, this is what I got. 75,000*1.725% equals $1293.75*25 years of service, equals 32,343.75 divided by 12 months equals 2,695.32 per month. divide 2,695.32 by 25 years equals 107.81 per year added to our pension plan yearly based on 25 years of service and $75,000 per year. </span></span></p> <p style="text-align: left"></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'">Tell my that isn't a decline, and that is just a city driver, what would a road driver lose per year? Substitute your yearly wage for the last 5 years and put it in the 75,000 and you can figure it out for yourself.</span></span></p> <p style="text-align: left"></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'">Pension formula is years of service x 1.725% 8 years of service divided by 12 to figure out monthly payments.</span></span></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'"></span></span></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'">Page 1 of the pension plan book is where it says that you only need 750 hours of service in any year to be eligible for your pension, </span></span></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'"></span></span></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'">Article 25 section 6 end of second paragraph it says that if we work less than 1500 hours then our benefits will be prorated at a based of $105.00 per year. </span></span></p> <p style="text-align: left"><span style="color: #333333"><span style="font-family: 'lucida grande'"></span></span></p></blockquote><p></p>
[QUOTE="sppollock, post: 1145227, member: 9879"] [LEFT][COLOR=#333333][FONT=lucida grande]Just double checking the pension formula and I decided to do the math before my contract explanation meeting this weekend, this is what I got. 75,000*1.725% equals $1293.75*25 years of service, equals 32,343.75 divided by 12 months equals 2,695.32 per month. divide 2,695.32 by 25 years equals 107.81 per year added to our pension plan yearly based on 25 years of service and $75,000 per year. [/FONT][/COLOR] [COLOR=#333333][FONT=lucida grande]Tell my that isn't a decline, and that is just a city driver, what would a road driver lose per year? Substitute your yearly wage for the last 5 years and put it in the 75,000 and you can figure it out for yourself.[/FONT][/COLOR] [COLOR=#333333][FONT=lucida grande]Pension formula is years of service x 1.725% 8 years of service divided by 12 to figure out monthly payments. Page 1 of the pension plan book is where it says that you only need 750 hours of service in any year to be eligible for your pension, Article 25 section 6 end of second paragraph it says that if we work less than 1500 hours then our benefits will be prorated at a based of $105.00 per year. [/FONT][/COLOR][/LEFT] [/QUOTE]
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UPS Freight = TForce Freight
Why vote NO!!
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