Catatonic
Nine Lives
Don't you mean, "No one should have to pay for health care?"
Hillary and Obama are working on that.
conference call
- Thread starter frivolous petty small.
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Don't you mean, "No one should have to pay for health care?"
Hillary and Obama are working on that.
Griff
Well-Known Member
Yeah because we all know driving trucks isn't a skill in and of itself. Nobody ever needs drivers with clean records and a history of safe driving, unheard of!
There he is beating the college and education rhetoric again.
Brownslave688
You want a toe? I can get you a toe.
For the 8000 time your the union I'm the union. We have every right to vote no on anything sent to us.
Hoffa and hall job is to get the best deal they think they can.
It's our job to call BS if we don't find that contract fair. Why would hall push for more if we vote in concessions. Obviously that would mean we were happy with the deal.
twoweeled
Well-Known Member
Wow, I remember when I could remember a whole bunch of stuff like that. That's pretty much what I got outa the call. I was very relieved to hear hall convey we are not backing up. hall was adamant that we were not going to pay for health care, and I was happy that he reiterated that. Overall, I was happy with the stand we have right now.
LagunaBrown
Well-Known Member
The reality is that the Union is negotiating a national contract that involves very different health care options in each state. That gives the company leverage especially since the average annual cost per retired employee exceeded $6,250 this contract. You are in far better hands with the union then UPS.... The concern I would have is how many workers comp cases end up on the teamster health care plan.
Answer to first question: YES, they want a strike, for what reason? Who knows? They "think" they have it all figured out with Technology.
Answer to second question: ALL of our drivers will stick it out, even if it means they have to go back to preload for a couple of months until volume picks back up.
This is ALL on the companies back.
Peace
TOS
A
anonymous6
Guest
no. i don't think ups wants a strike. it's called negotiating. it's like buying a used car. you ask for X. they offer Y. you go back and forth and settle on Z.
it takes time. but here's the kicker......you have to reasonable. i'm not sure if that is happening here.
It's now 7:03am. I just woke up and realized something. TDU still sucks!!!!
UpstateNYUPSer(Ret)
Well-Known Member
Our health plan was in financial difficulty hence the need for the deductibles and co-pays. People tend to think twice before going to the doctor or ER if they have to pay for part of the visit. Our health care costs have gone down dramatically since while the level of benefits has remain unchanged.
kingOFchester
Well-Known Member
Back to the call. hall said the reason UPS wants a lower plan and have us pay a portion is because of the liability. UPS presented Hall with documentation showing how company provided healthcare shows up as a liability.
Stock prices are affected by assets vs liabilities. Stockholders and fund managers valuate companies based on the assets vs liabilities, commonly known as debt-to-equity ratio. hall eluded to the fact that if the Teamsters takes over the healthcare for us, it would not be a liability for UPS. He stated this was the "creative solutions" mentioned in the March 8th update.
I am not sure how an obligation to give Teamsters X amount of money to provide healthcare avoids that money be designated as a liability. Anyone care to analyze this?
Stock prices are affected by assets vs liabilities. Stockholders and fund managers valuate companies based on the assets vs liabilities, commonly known as debt-to-equity ratio. hall eluded to the fact that if the Teamsters takes over the healthcare for us, it would not be a liability for UPS. He stated this was the "creative solutions" mentioned in the March 8th update.
I am not sure how an obligation to give Teamsters X amount of money to provide healthcare avoids that money be designated as a liability. Anyone care to analyze this?
UpstateNYUPSer(Ret)
Well-Known Member
Shifting the healthcare over to the union would give the company the flexibility to take over the remaining multi-employer Teamster pension plans.
kingOFchester
Well-Known Member
Not sure if its my comprehension skills, your communication skills or lack of knowledge by you, me or both. But could you elaborate and explain how this affects liabilities?
PT Stewie
"Big Fella"
Looking for answer to KOC's question I found this very interesting:
| Although different types of preventive care have different effects on spending, the evidence suggests that for most preventive services, expanded utilization leads to higher, not lower, medical spending overall. That result may seem counterintuitive. For example, many observers point to cases in which a simple medical test, if given early enough, can reveal a condition that is treatable at a fraction of the cost of treating that same illness after it has progressed. In such cases, an ounce of prevention improves health and reduces spending—for that individual. But when analyzing the effects of preventive care on total spending for health care, it is important to recognize that doctors do not know beforehand which patients are going to develop costly illnesses. To avert one case of acute illness, it is usually necessary to provide preventive care to many patients, most of whom would not have suffered that illness anyway. … Judging the overall effect on medical spending requires analysts to calculate not just the savings from the relatively few individuals who would avoid more expensive treatment later, but also the costs for the many who would make greater use of preventive care.[50] Still looking on his liability question....... |
kingOFchester
Well-Known Member
Doing some digging. Long term debt vs short term debt and also balance sheet vs off-balance sheet seems to be where all this is coming from if we take what Hall said as fact. Perhaps having a healthcare bill on the books shows up on the balance sheet as long term debt. Where as an obligation to give money to the Teamsters for healthcare shows up as short term debt and or off balance sheet debt.
Still doing some investigation on this issue.
Still doing some investigation on this issue.
Anonymous 10
Guest
You hand out those those green TDU newspapers don't you?? TDU sucks even worse at 9:20 am while I'm at the union meeting.
barnyard
KTM rider
That means if premiums do double or increase more than what was negotiated, the union or it's members are on the hook for the difference.
If the union takes over the plan and costs do skyrocket, we will be paying more out of pocket and the company can shrug it's shoulders and say, "talk to the union, they are the ones running the plan."
I am kind of surprised that the company has not agreed to that.
The union cant take care of my pension!..There is no way in Hell I want them in charge of my Healthcare!!!!!!!!!!!!!!!!!
oldupsman
Well-Known Member
That's my point. You have to be reasonable. Sure doesn't sound reasonable to me. This is strictly IMHO. UPS is not scared of a strike.
See my point number 2.
PT Stewie
"Big Fella"
That logic makes sense, but the debt either way is forecast for the life of the current contract in place is it not or just a loophole in accounting processes?
