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Brown Cafe UPS Forum
UPS Union Issues
1997 The Strike!!!
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<blockquote data-quote="Runner" data-source="post: 254782" data-attributes="member: 10107"><p>I was on the picket line back in 97. We had just received the info on UPS's offer. Our BA was there and people were questioning him about the offer. When the pension offer was brought up he said they could match it. I don't remember what the numbers were exactly but it was quite an improvement from what was in place at the time. Sure enough after the contract was settled our pension improved to $100 per full time credit. I think a big part of the reason CS is in trouble now is that they really couldn't match it. Without UPS's offer we never would have received that big of an improvement. The Teamster leadership had to know they couldn't afford it. The 6 billion is the difference now between what CS could actually afford and what they promised us. Time will tell if this is enough to keep the plan solvent, at least future years in the UPS/IBT plan seem to be a safer bet.</p></blockquote><p></p>
[QUOTE="Runner, post: 254782, member: 10107"] I was on the picket line back in 97. We had just received the info on UPS's offer. Our BA was there and people were questioning him about the offer. When the pension offer was brought up he said they could match it. I don't remember what the numbers were exactly but it was quite an improvement from what was in place at the time. Sure enough after the contract was settled our pension improved to $100 per full time credit. I think a big part of the reason CS is in trouble now is that they really couldn't match it. Without UPS's offer we never would have received that big of an improvement. The Teamster leadership had to know they couldn't afford it. The 6 billion is the difference now between what CS could actually afford and what they promised us. Time will tell if this is enough to keep the plan solvent, at least future years in the UPS/IBT plan seem to be a safer bet. [/QUOTE]
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