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Brown Cafe UPS Forum
UPS Union Issues
APWA presence across the country
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<blockquote data-quote="WMDriver" data-source="post: 123124"><p><strong>UPS Union pension.</strong></p><p></p><p>U.P.S. is the largest company in the pension plans of the International Brotherhood of Teamsters, with potential responsibility for billions of dollars of obligations to its retirees. Last year U.P.S. contributed a little more than $1 billion to 32 regional Teamster plans, more than $8,000 for every covered U.P.S. employee. UPS wants out of its responsibility to multi-employer pensions, like the Central States Pension Fund. If and when UPS is able to opt out of the multi-employer union pension system, it would be the final blow to the hopes and dreams of all the union members pensions. Hopes and dreams for nothing but an IOU.</p></blockquote><p></p>
[QUOTE="WMDriver, post: 123124"] [b]UPS Union pension.[/b] U.P.S. is the largest company in the pension plans of the International Brotherhood of Teamsters, with potential responsibility for billions of dollars of obligations to its retirees. Last year U.P.S. contributed a little more than $1 billion to 32 regional Teamster plans, more than $8,000 for every covered U.P.S. employee. UPS wants out of its responsibility to multi-employer pensions, like the Central States Pension Fund. If and when UPS is able to opt out of the multi-employer union pension system, it would be the final blow to the hopes and dreams of all the union members pensions. Hopes and dreams for nothing but an IOU. [/QUOTE]
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