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UPS Union Issues
APWA is controlled by a Union-busting Lawyer
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<blockquote data-quote="Cezanne" data-source="post: 181007" data-attributes="member: 5104"><p>Satellitedrive, the only reason you would get 700 a month with 25 years service in the central states area is I'm guessing that you were under the part time company controlled plan when you started. All those years full time prior to the end of 2003 were paying at a rate of 100 dollars for every vested year. From my understanding the years after 2003 are penalized that 6 percent for every year before the age of 62, so your totals do not make sense. </p><p> </p><p>As far as this AWPA being company supported, it could be considering their claim of partitioning the funds that belong to UPS employees in the cental states is the same thing that UPS wanted during those congressional hearings prior to the new pension reform act of 2006. </p><p> </p><p>People better be reading the lasted on the current negotiations, read between the lines and make your judgements on what is going on behind the scenes. Here is my take on this: That the union is trying to take over the part-timers' pension funds in the central states plan to fortify the current underfunding. For example in the teamster's western conference trust the part timers contribute the same hourly rate as a full timer into a pension and health and welfare plan (per article 34, master lanuage). Not so currently in the central states trust were the company has total control of all the part timers retirement investments. That is one of the reasons that the central states plan is experiencing difficulty, the only ones contributing are the full timers. Could you imagine the monetary windfall that this trust would benefit if ALL the union employees part time and full time were contributing. Considering that most of the UPS full timers under central states have at least 6 to 15 years part time service already. How far the union can go back to collect those funds would be another interesting story. This brings up an interesting question to whatever happen to the contributions that should of been going into our pension and health and welfare plans, I have my own opinions, let us hear yours.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 181007, member: 5104"] Satellitedrive, the only reason you would get 700 a month with 25 years service in the central states area is I'm guessing that you were under the part time company controlled plan when you started. All those years full time prior to the end of 2003 were paying at a rate of 100 dollars for every vested year. From my understanding the years after 2003 are penalized that 6 percent for every year before the age of 62, so your totals do not make sense. As far as this AWPA being company supported, it could be considering their claim of partitioning the funds that belong to UPS employees in the cental states is the same thing that UPS wanted during those congressional hearings prior to the new pension reform act of 2006. People better be reading the lasted on the current negotiations, read between the lines and make your judgements on what is going on behind the scenes. Here is my take on this: That the union is trying to take over the part-timers' pension funds in the central states plan to fortify the current underfunding. For example in the teamster's western conference trust the part timers contribute the same hourly rate as a full timer into a pension and health and welfare plan (per article 34, master lanuage). Not so currently in the central states trust were the company has total control of all the part timers retirement investments. That is one of the reasons that the central states plan is experiencing difficulty, the only ones contributing are the full timers. Could you imagine the monetary windfall that this trust would benefit if ALL the union employees part time and full time were contributing. Considering that most of the UPS full timers under central states have at least 6 to 15 years part time service already. How far the union can go back to collect those funds would be another interesting story. This brings up an interesting question to whatever happen to the contributions that should of been going into our pension and health and welfare plans, I have my own opinions, let us hear yours. [/QUOTE]
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