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<blockquote data-quote="Cezanne" data-source="post: 207808" data-attributes="member: 5104"><p>705red, I am not endorsing or agreeing with the companies' proposals. Playing a devil's advocate with my feelings about this upcoming contract, particularly with this pension crisis. We are all trying to get a clue to what will be offered, going to be alot of speculation and rumors going around till it is settled. </p><p> </p><p>I remember in "97" what the company offered with their best, final contract offer, still have the retirement package documentation that came to most of us in the mail. There was a vague clause about subtracting from your benefit any other contributory amount that UPS has paid for. Whether that meant social security or other teamsters' pension plans was not clearly stated. Social security offset can be done by both parties, I believe that there is nothing legally to prevent this from happening. It will be a negotiated percentage if it happens, that is why the international is looking into this so-called buy out, it will still have a voice and part control over any decisions. The "97" takeover attempt would of had the company in total control of the pension and health and welfare trusts. Consider it's track record with the part time pension benefits for those under the current central states plans and make your own decision to who you want total control of these negotiated funds.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 207808, member: 5104"] 705red, I am not endorsing or agreeing with the companies' proposals. Playing a devil's advocate with my feelings about this upcoming contract, particularly with this pension crisis. We are all trying to get a clue to what will be offered, going to be alot of speculation and rumors going around till it is settled. I remember in "97" what the company offered with their best, final contract offer, still have the retirement package documentation that came to most of us in the mail. There was a vague clause about subtracting from your benefit any other contributory amount that UPS has paid for. Whether that meant social security or other teamsters' pension plans was not clearly stated. Social security offset can be done by both parties, I believe that there is nothing legally to prevent this from happening. It will be a negotiated percentage if it happens, that is why the international is looking into this so-called buy out, it will still have a voice and part control over any decisions. The "97" takeover attempt would of had the company in total control of the pension and health and welfare trusts. Consider it's track record with the part time pension benefits for those under the current central states plans and make your own decision to who you want total control of these negotiated funds. [/QUOTE]
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