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UPS Union Issues
Are You Getting Tired Of Sacrificing Your Pension Money?
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<blockquote data-quote="Bill" data-source="post: 228010" data-attributes="member: 5483"><p>On August 1, 2007, UPS contributed an EXTRA $28 per employee, per week into your pension fund. Do you know how much you received? The answer is nothing. That's right. Zero, nil, nada. In 2006, an additional $24 was added, in 2005, $24 was added and again in 2004, another $24 was added to your pension fund. Again, you received nothing. At the same time, nothing was added for your health and welfare benefits, resulting in weaker health and welfare benefits and higher payments from us. UPS has increased our pensions by $100 per employee, per week, and is now depositing $238 per week per employee into our pension fund, but instead of increasing our pensions, we are taking reductions. Where is our money going? It is going to employees of other companies that are in the multi-employer pension fund in CS. We receive only 40% of the total money that UPS contributes. As long as we are burdened with CS, we can not receive an increase until the pension fund is 100% funded (never will be for many reasons), because of the RED ZONE AMENDMENT signed into law starting in 2008. We can and probably will receive additional cuts even though UPS continues to pour billions of dollars into our pension fund. You can be content, do nothing and allow the Teamsters to negotiate another " best ever contract", or you can say enough is enough, and vote the Teamsters out. They have had years to work for us, but they no longer have our best interests in mind when contract time comes around. It is time for a change. The choice is yours: Receive 40% (Teamsters), or 100"% (APWA) of UPS benefits.</p></blockquote><p></p>
[QUOTE="Bill, post: 228010, member: 5483"] On August 1, 2007, UPS contributed an EXTRA $28 per employee, per week into your pension fund. Do you know how much you received? The answer is nothing. That's right. Zero, nil, nada. In 2006, an additional $24 was added, in 2005, $24 was added and again in 2004, another $24 was added to your pension fund. Again, you received nothing. At the same time, nothing was added for your health and welfare benefits, resulting in weaker health and welfare benefits and higher payments from us. UPS has increased our pensions by $100 per employee, per week, and is now depositing $238 per week per employee into our pension fund, but instead of increasing our pensions, we are taking reductions. Where is our money going? It is going to employees of other companies that are in the multi-employer pension fund in CS. We receive only 40% of the total money that UPS contributes. As long as we are burdened with CS, we can not receive an increase until the pension fund is 100% funded (never will be for many reasons), because of the RED ZONE AMENDMENT signed into law starting in 2008. We can and probably will receive additional cuts even though UPS continues to pour billions of dollars into our pension fund. You can be content, do nothing and allow the Teamsters to negotiate another " best ever contract", or you can say enough is enough, and vote the Teamsters out. They have had years to work for us, but they no longer have our best interests in mind when contract time comes around. It is time for a change. The choice is yours: Receive 40% (Teamsters), or 100"% (APWA) of UPS benefits. [/QUOTE]
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Are You Getting Tired Of Sacrificing Your Pension Money?
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