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UPS Union Issues
Central States going broke---
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<blockquote data-quote="DELACROIX" data-source="post: 4812957" data-attributes="member: 49065"><p>I said this before that the Company will be trying to eliminate it’s UPS plan for primarily union part timers. They desperately want out of all it’s defined pension plans, I presume that they are expecting rising costs and more federal regulation and accountability. </p><p></p><p>Most of us have vested rights under those part time years that count toward our full time years. Those monetary benefits have been stagnant for decades, same for the active part timers, I expect the company will sweeten the pot in order to negotiate out of continuing to fund that plan. </p><p></p><p>The IBT/UPS plan will continue as usual with the happy news of the stimulus bail out.</p><p></p><p>You are correct...PENSIONS will be the number one issue on the table in 2023...everybody considered better make sure that your interests are served and that the International starts to negotiate on behalf of their members again, the last two were pathetic.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4812957, member: 49065"] I said this before that the Company will be trying to eliminate it’s UPS plan for primarily union part timers. They desperately want out of all it’s defined pension plans, I presume that they are expecting rising costs and more federal regulation and accountability. Most of us have vested rights under those part time years that count toward our full time years. Those monetary benefits have been stagnant for decades, same for the active part timers, I expect the company will sweeten the pot in order to negotiate out of continuing to fund that plan. The IBT/UPS plan will continue as usual with the happy news of the stimulus bail out. You are correct...PENSIONS will be the number one issue on the table in 2023...everybody considered better make sure that your interests are served and that the International starts to negotiate on behalf of their members again, the last two were pathetic. [/QUOTE]
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