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UPS Union Issues
$15/hr, Wage hikes tied to inflation? "On Topic"
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<blockquote data-quote="DELACROIX" data-source="post: 3573018" data-attributes="member: 49065"><p>So true...The last several contracts has really shown just how much the negotiating committees cares about everybody's part time service, current and past. The total lack of monetary improvements with the vested part time years, that a vast majority of use have in the Central has been stagnic or lost ground with the retiree's cost for Health and Welfare. Why does it stop at 35 years and does not have the ability to increase or formulated in the matter of the IBT/UPS pension?</p><p></p><p>The part time pension is and has been always a money maker for UPS, just how many part timers ever collect a full service pension out of the thousands vested and quit before five years. I proposed that all our part time years be improved to 70 dollars per service year and the penalty rate be dropped to 3 percent rather than the current 6 percent before age 65. That would help most of us full timers get a better return for those part time years, increasing our pension benefit. </p><p></p><p>Another consideration is that when you do go full time in the Central, you do start under another pension plan that again is at that 6 percent penalty rate. I said this before but we had a 22.3 retire two years ago with 35 years in (20 part time and 15 full), his monetary retirement benefit was less than if he stayed part time, using that 6 percent penalty for those years prior to age 65.</p><p></p><p>This is a negotiable item, let us see if this concern is taken seriously or if the International will leave people behind as they have in the past. If you just study the members on these contract committees, how many of them are part time or even 22.3's. I am afraid in their minds they have come to the collusion that part time votes either for the election or contract simply don't count, all the improvements go to the majority or the squeaky wheels or into their own best interests.</p><p></p><p>Sure sounds like you are going to hang in there, I worked two jobs as a part timer and it is tough. If the pension issues get improved or settled, expect a lot of full time positions to open up if you decide to stay with UPS..best of luck</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3573018, member: 49065"] So true...The last several contracts has really shown just how much the negotiating committees cares about everybody's part time service, current and past. The total lack of monetary improvements with the vested part time years, that a vast majority of use have in the Central has been stagnic or lost ground with the retiree's cost for Health and Welfare. Why does it stop at 35 years and does not have the ability to increase or formulated in the matter of the IBT/UPS pension? The part time pension is and has been always a money maker for UPS, just how many part timers ever collect a full service pension out of the thousands vested and quit before five years. I proposed that all our part time years be improved to 70 dollars per service year and the penalty rate be dropped to 3 percent rather than the current 6 percent before age 65. That would help most of us full timers get a better return for those part time years, increasing our pension benefit. Another consideration is that when you do go full time in the Central, you do start under another pension plan that again is at that 6 percent penalty rate. I said this before but we had a 22.3 retire two years ago with 35 years in (20 part time and 15 full), his monetary retirement benefit was less than if he stayed part time, using that 6 percent penalty for those years prior to age 65. This is a negotiable item, let us see if this concern is taken seriously or if the International will leave people behind as they have in the past. If you just study the members on these contract committees, how many of them are part time or even 22.3's. I am afraid in their minds they have come to the collusion that part time votes either for the election or contract simply don't count, all the improvements go to the majority or the squeaky wheels or into their own best interests. Sure sounds like you are going to hang in there, I worked two jobs as a part timer and it is tough. If the pension issues get improved or settled, expect a lot of full time positions to open up if you decide to stay with UPS..best of luck [/QUOTE]
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