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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="BigUnionGuy" data-source="post: 4721277" data-attributes="member: 4992"><p>Sort of.</p><p></p><p>In 2002 they reduced the accrual rate from 2% to 1% and for new, or renegotiated contracts, there was a certain </p><p></p><p>minimal percentage that had to be negotiated. Can't remember the numbers right now. Extending the retirement</p><p></p><p>age would be a long term addition. But when you have all the "orphans" from defunct companies and a </p><p></p><p>4-1 ratio of retiree vs active.... it's only a matter of time.</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 4721277, member: 4992"] Sort of. In 2002 they reduced the accrual rate from 2% to 1% and for new, or renegotiated contracts, there was a certain minimal percentage that had to be negotiated. Can't remember the numbers right now. Extending the retirement age would be a long term addition. But when you have all the "orphans" from defunct companies and a 4-1 ratio of retiree vs active.... it's only a matter of time. [/QUOTE]
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