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Brown Cafe UPS Forum
UPS Union Issues
8-1-17 Raise
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<blockquote data-quote="The Milkman" data-source="post: 3008349" data-attributes="member: 22760"><p>I have been retired almost 10 years now, but I still talk to those who are still working. they voted to put more of their raises towards the pension fund which is a bit underfunded last report I saw. It is in better shape than most locals, but still needs help, because it seems that those in local 177 want a bump in their monthly pension payment each contract,which in my opinion is mute because the agreed to pay more once retired for their medical benefits per month. So get a raise of $400, give it back for medical. It will be hard to keep raising pension benefits without more of their wages directed that way instead of in their weekly paycheck. There will come a point someday that the large pension increases will come to an end. My feeling is that you should just feel blessed that you have one that at least now is able to pay out benefits without drawing down the principal</p></blockquote><p></p>
[QUOTE="The Milkman, post: 3008349, member: 22760"] I have been retired almost 10 years now, but I still talk to those who are still working. they voted to put more of their raises towards the pension fund which is a bit underfunded last report I saw. It is in better shape than most locals, but still needs help, because it seems that those in local 177 want a bump in their monthly pension payment each contract,which in my opinion is mute because the agreed to pay more once retired for their medical benefits per month. So get a raise of $400, give it back for medical. It will be hard to keep raising pension benefits without more of their wages directed that way instead of in their weekly paycheck. There will come a point someday that the large pension increases will come to an end. My feeling is that you should just feel blessed that you have one that at least now is able to pay out benefits without drawing down the principal [/QUOTE]
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8-1-17 Raise
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