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UPS Union Issues
2006 Teamster survey
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<blockquote data-quote="brett636" data-source="post: 89759" data-attributes="member: 249"><p>The bottom line is UPS is putting money into a multi-employer pension fund run by the teamsters. In theory the idea is to maintain a stronger pension having multiple contributors, but in reality what has happened are companies going out of business and not putting money into the fund to support their already retired workers. In essence the money UPS pays into the fund not only pays for UPS teamsters, but for teamsters that have never worked a day in their life for UPS. This is proving to be tragic for the central states plan, the largest of the funds of which I believe covers the most UPSers. I believe the 97 strike focused on this issue where the IBT refuses to allow UPS to have a UPS only pension for UPSers. If UPS pulls out of the central states plan the plan will most likley collapse, but if they don't the obligations UPS has to the plan will become so severe that it could drag the company down. Unfortunatly there doesn't seem to be a way to have winners on both sides of the issue. </p><p> </p><p> </p><p>Over9five- Thats why I started this thread because the letter and survey talks so tough about "forcing" UPS into negotiations, when its in UPS's best interests to negoiate early. I found it amusingly stupid, and pointless, but I did submit the survey.</p></blockquote><p></p>
[QUOTE="brett636, post: 89759, member: 249"] The bottom line is UPS is putting money into a multi-employer pension fund run by the teamsters. In theory the idea is to maintain a stronger pension having multiple contributors, but in reality what has happened are companies going out of business and not putting money into the fund to support their already retired workers. In essence the money UPS pays into the fund not only pays for UPS teamsters, but for teamsters that have never worked a day in their life for UPS. This is proving to be tragic for the central states plan, the largest of the funds of which I believe covers the most UPSers. I believe the 97 strike focused on this issue where the IBT refuses to allow UPS to have a UPS only pension for UPSers. If UPS pulls out of the central states plan the plan will most likley collapse, but if they don't the obligations UPS has to the plan will become so severe that it could drag the company down. Unfortunatly there doesn't seem to be a way to have winners on both sides of the issue. Over9five- Thats why I started this thread because the letter and survey talks so tough about "forcing" UPS into negotiations, when its in UPS's best interests to negoiate early. I found it amusingly stupid, and pointless, but I did submit the survey. [/QUOTE]
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