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UPS Partners
2023 Teamster Contract Negotiation - Partner Edition
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<blockquote data-quote="DELACROIX" data-source="post: 5395228" data-attributes="member: 49065"><p>We all know that you guys will be losing your vesting under the UPS Retirement Plan (management) at the end of this year. What is your take on seeing a pension (vested credits) buy out in 2023?</p><p></p><p>My opinion is that they will be waiting till the 2023 contract is signed and settled then they will start <strong>(clearing the books).</strong></p><p><strong></strong></p><p><strong>I have heard that a two unit manager clears about 150,000 a year, guessing MIP adds another 25,000 or 30,000 to their salaries. The most a money hungry driver working close to a 60 hours a week, guessing 125,000. </strong></p><p><strong></strong></p><p><strong>Everybody forgets that any job at UPS has an attrition rate, this is not a sprint, it is designed to be a marathon. More so for the hourlies who are prone to break down physically.</strong></p><p></p><p>Their current pension plans basically pays out at about <strong>1/2 their annual salaries</strong>. I do not know if <strong>(MIP)</strong> is included with those final pension benefits.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5395228, member: 49065"] We all know that you guys will be losing your vesting under the UPS Retirement Plan (management) at the end of this year. What is your take on seeing a pension (vested credits) buy out in 2023? My opinion is that they will be waiting till the 2023 contract is signed and settled then they will start [B](clearing the books). I have heard that a two unit manager clears about 150,000 a year, guessing MIP adds another 25,000 or 30,000 to their salaries. The most a money hungry driver working close to a 60 hours a week, guessing 125,000. Everybody forgets that any job at UPS has an attrition rate, this is not a sprint, it is designed to be a marathon. More so for the hourlies who are prone to break down physically.[/B] Their current pension plans basically pays out at about [B]1/2 their annual salaries[/B]. I do not know if [B](MIP)[/B] is included with those final pension benefits. [/QUOTE]
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2023 Teamster Contract Negotiation - Partner Edition
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