Article 34 in a nut shell. It states that 35 cents of our GWI(general wage increase) can be taken from us and used for our PENSION and HEALTH.
UPSers, First you must understand one thing. There has to be some flex in the Contract. Meaning, you have to predict the future, per say. Think about the future. That is the key here. First the New UPS/IBT fund set up for the exiting UPSer's the balance is zero. Out of the 44,000 UPSer's that left how many are going to be retiring soon? Second, All full time service under the CS , will be credited to determine the service pension benefit eligibility under the new plan.
The new plan will restore the service pensions benefits previously CUT by CS.
Employees with 35 yrs of ser. can retire at any age with $3500 per month.
Employees with 30 yrs of ser. can retire at any age will receive $3,000 per month. Plus an additional $100 per month for years over 30.
Employees with 25 years prior to age 57 will receive $2,000 per month.
Employees with 25 years and 57 or older will receive $2,500 month plus and add. $100 per month.
Some say that there are active FT UPSers that are in CS that want to vote NO. If this is true. Great Day. Whats wrong with you guys? I just can't believe it. The 6.1 billion is money WELL spent. What would you be getting if you were to stay in the CS plan/Soon to be Government plan. The above rates are great. Vote YES and take it.
Ok back to the 35 cents. UPSer's we have all heard about the new Government laws concerning our MEP/SEP pensions. Does 80% ring a bell. My fund(Joint council 83) is in the mid 70's(%wise). There has to be flex. Number one thing on the Teamster Members survey. Pension. Be careful what.....LOL. Don't worry folks I wont repeat it. UPS has already spent its profits for a 1 1/2 of the five year contract on the CS buy out. Plus they are offering a great pension for those 44,000 UPSer's. Its not just the older drivers getting the good deal. Its ALL drivers. One poster or many posters have mentioned how this job is tough on the body. Industrial athlete. Well, you still have the option to get out at 25 years at any age. Execellent.
UPSer's let face it, just about all the MEPS/SEPS are in trouble. UPS needs some flex to stay competitive. This provides some wiggle room. Some will like to refer to the - 35 cents as a cut. Its not. We still have an increase.
Health. Costs of health care have gone through the roof. UPS will still contribute(health monies) to the CS fund. They have just bought out the pension part. Those 44,000 will still have their insurance with Central States. In reference to the retiree's in the plan. The retirees are having to pay more per month($400 dollars, I believe) for their health coverage(husband and wife). This is a concern. What I am about to say next shouldn't be taken in a bad way. Medicare, shouldn't be too far off for you guys and gals. So as you can see. There is a light at the end of the tunnel and it isn't a train.
In closing, the 35 cents is pocket change. Yea thats right. I said it. If it means shoring up the Pensions and helping aid in the health care crisis/insurance. I have no problem with that. take care Area 43
UPSers, First you must understand one thing. There has to be some flex in the Contract. Meaning, you have to predict the future, per say. Think about the future. That is the key here. First the New UPS/IBT fund set up for the exiting UPSer's the balance is zero. Out of the 44,000 UPSer's that left how many are going to be retiring soon? Second, All full time service under the CS , will be credited to determine the service pension benefit eligibility under the new plan.
The new plan will restore the service pensions benefits previously CUT by CS.
Employees with 35 yrs of ser. can retire at any age with $3500 per month.
Employees with 30 yrs of ser. can retire at any age will receive $3,000 per month. Plus an additional $100 per month for years over 30.
Employees with 25 years prior to age 57 will receive $2,000 per month.
Employees with 25 years and 57 or older will receive $2,500 month plus and add. $100 per month.
Some say that there are active FT UPSers that are in CS that want to vote NO. If this is true. Great Day. Whats wrong with you guys? I just can't believe it. The 6.1 billion is money WELL spent. What would you be getting if you were to stay in the CS plan/Soon to be Government plan. The above rates are great. Vote YES and take it.
Ok back to the 35 cents. UPSer's we have all heard about the new Government laws concerning our MEP/SEP pensions. Does 80% ring a bell. My fund(Joint council 83) is in the mid 70's(%wise). There has to be flex. Number one thing on the Teamster Members survey. Pension. Be careful what.....LOL. Don't worry folks I wont repeat it. UPS has already spent its profits for a 1 1/2 of the five year contract on the CS buy out. Plus they are offering a great pension for those 44,000 UPSer's. Its not just the older drivers getting the good deal. Its ALL drivers. One poster or many posters have mentioned how this job is tough on the body. Industrial athlete. Well, you still have the option to get out at 25 years at any age. Execellent.
UPSer's let face it, just about all the MEPS/SEPS are in trouble. UPS needs some flex to stay competitive. This provides some wiggle room. Some will like to refer to the - 35 cents as a cut. Its not. We still have an increase.
Health. Costs of health care have gone through the roof. UPS will still contribute(health monies) to the CS fund. They have just bought out the pension part. Those 44,000 will still have their insurance with Central States. In reference to the retiree's in the plan. The retirees are having to pay more per month($400 dollars, I believe) for their health coverage(husband and wife). This is a concern. What I am about to say next shouldn't be taken in a bad way. Medicare, shouldn't be too far off for you guys and gals. So as you can see. There is a light at the end of the tunnel and it isn't a train.
In closing, the 35 cents is pocket change. Yea thats right. I said it. If it means shoring up the Pensions and helping aid in the health care crisis/insurance. I have no problem with that. take care Area 43