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<blockquote data-quote="tieguy" data-source="post: 101725" data-attributes="member: 1912"><p>if you want the 12% , 401 K match like overnight has then you will have to petition your union to ask for it. Your union likes control of the pension money and will not give it up willingly. The company will not push and propose the match if the union shows disinterest in the concept. The company will not inovate an offer they want the union to agree to an offer and settle quickly. </p><p> </p><p>Hoffa agreeing to a UPSers only pension plan would possibly cost him the election with the non-upsers in the teamsters union.</p><p> </p><p>With all that said I would like to see a contract that gives us the competitive flexibility we need. An early settlement would be the biggest competitive advantage we could gain. </p><p> </p><p>1)I would like to see some type of profit sharing plan for all our full time employees whether its a 401 K match or a xmas bonus. The profit sharing plan requires a higher degree of trust on both sides because there may be times we have to ramp up capital expenditures which might reduce the profit for that year. </p><p> </p><p>2) Okay now I go out on a huge limb on a concept that may not be possible. Central states is on its knees. The leaking bucket. The teamsters will work to shore up the plan and hopefully slow down the leak or even stabalize the plan. Our people who belong to the plan worked just as hard as the rest of us and deserve their hard earned pension. </p><p>dismantling CS plan too complex and too expensive. How about a supplemental pension plan for upsers only funded with a percentage of each years profits.</p></blockquote><p></p>
[QUOTE="tieguy, post: 101725, member: 1912"] if you want the 12% , 401 K match like overnight has then you will have to petition your union to ask for it. Your union likes control of the pension money and will not give it up willingly. The company will not push and propose the match if the union shows disinterest in the concept. The company will not inovate an offer they want the union to agree to an offer and settle quickly. Hoffa agreeing to a UPSers only pension plan would possibly cost him the election with the non-upsers in the teamsters union. With all that said I would like to see a contract that gives us the competitive flexibility we need. An early settlement would be the biggest competitive advantage we could gain. 1)I would like to see some type of profit sharing plan for all our full time employees whether its a 401 K match or a xmas bonus. The profit sharing plan requires a higher degree of trust on both sides because there may be times we have to ramp up capital expenditures which might reduce the profit for that year. 2) Okay now I go out on a huge limb on a concept that may not be possible. Central states is on its knees. The leaking bucket. The teamsters will work to shore up the plan and hopefully slow down the leak or even stabalize the plan. Our people who belong to the plan worked just as hard as the rest of us and deserve their hard earned pension. dismantling CS plan too complex and too expensive. How about a supplemental pension plan for upsers only funded with a percentage of each years profits. [/QUOTE]
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