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Brown Cafe UPS Forum
UPS Union Issues
705 and 710 can still push the voting over 50%
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<blockquote data-quote="ski or die" data-source="post: 3772499" data-attributes="member: 52818"><p>Local 710 pension fund - 2015 - 84.8%, 2016 - 82.4%, 2017 - 81.1%.This was per letter from 710 dated May 2018. Steadily going down each of last 3 years. If it falls below 80% it is considered in the "endangered status". The percentage has been going down each of the last 3 years, indicates that will probably happen next year. I agree, a larger payout is not feasible with the decline. This is something that should be addressed in the contract negotiations now, not 5 years from now with larger company contributions. If another recession should occur, Local 710 pension could end up like Central States.</p></blockquote><p></p>
[QUOTE="ski or die, post: 3772499, member: 52818"] Local 710 pension fund - 2015 - 84.8%, 2016 - 82.4%, 2017 - 81.1%.This was per letter from 710 dated May 2018. Steadily going down each of last 3 years. If it falls below 80% it is considered in the "endangered status". The percentage has been going down each of the last 3 years, indicates that will probably happen next year. I agree, a larger payout is not feasible with the decline. This is something that should be addressed in the contract negotiations now, not 5 years from now with larger company contributions. If another recession should occur, Local 710 pension could end up like Central States. [/QUOTE]
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705 and 710 can still push the voting over 50%
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