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UPS Union Issues
Contract ends in 2023
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<blockquote data-quote="DELACROIX" data-source="post: 5289726" data-attributes="member: 49065"><p>We all know that the part time pension under the Central and Southern is a scam. It takes 5 years to be vested, what are the retention rate for the a part time union member now a days? The company is putting in peanuts to cover those part time vested years, unlike in the <strong>West</strong> were their part time years are included in their full time pension formulas. Ron Carey brought that up in the 1993 Contract negotiations, got the news letter somewhere in my files, back then they were trying to get the part timer's into the Central States Pension Plan similar to the <strong>West.</strong></p><p></p><p>I said this before but I fully expect the Company will try to get rid of all their pension responsibilities as they did to the Management Pension Plans. Pension Plans are dinosaurs, every major corporation are shedding them and replacing them with 401K's. If done correctly it makes sense considering the portability of a 401K.</p><p></p><p>Starting wage in the 2023 Contract will be close to 20 bucks an hour that is a given, I expect our raises will be negotiated at an minimum of a dollar an hour with the COLA still in place, most of the Health and Welfare Plans (TeamCare) are doing well being fueled by Article 34 monetary contributions. We should expect some improvements in our coverages, but that is totally controlled by the TeamCare fiduciaries and can change annually.</p><p></p><p>It would be great to have extra added vacations after 25 years, people are hanging around longer because of the decline of any early retirement incentives and retiree Health and Welfare coverages.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5289726, member: 49065"] We all know that the part time pension under the Central and Southern is a scam. It takes 5 years to be vested, what are the retention rate for the a part time union member now a days? The company is putting in peanuts to cover those part time vested years, unlike in the [B]West[/B] were their part time years are included in their full time pension formulas. Ron Carey brought that up in the 1993 Contract negotiations, got the news letter somewhere in my files, back then they were trying to get the part timer's into the Central States Pension Plan similar to the [B]West.[/B] I said this before but I fully expect the Company will try to get rid of all their pension responsibilities as they did to the Management Pension Plans. Pension Plans are dinosaurs, every major corporation are shedding them and replacing them with 401K's. If done correctly it makes sense considering the portability of a 401K. Starting wage in the 2023 Contract will be close to 20 bucks an hour that is a given, I expect our raises will be negotiated at an minimum of a dollar an hour with the COLA still in place, most of the Health and Welfare Plans (TeamCare) are doing well being fueled by Article 34 monetary contributions. We should expect some improvements in our coverages, but that is totally controlled by the TeamCare fiduciaries and can change annually. It would be great to have extra added vacations after 25 years, people are hanging around longer because of the decline of any early retirement incentives and retiree Health and Welfare coverages. [/QUOTE]
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