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UPS Union Issues
Contract rumor 2 tier and Grandfathering PTimers
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<blockquote data-quote="Inthegame" data-source="post: 1019827" data-attributes="member: 37112"><p>I'll start out by rejecting the flawed premise of "there's always the temptation for the union to approach one of the smaller contributing employers with a side deal for purposes getting things to go in its direction". If that temptation does exist, it exists for both sides, more likely for the wealthier, employer side. </p><p></p><p>The one entity that appoints "half" of the trustees, represents "all" of the participants. So with that math the union is getting shorted on trust fund boards. The one common interest that employers share (presently) is the unfunded/withdrawal liability. This in theory keeps everyone honest as your scenario played out (where an employer trustee would side with the union) would increase the obligation of that trustees employer, which is completely counter intuitive even without the personal liability issue. If a union trustee approached an employer trustee to make a "side deal" as you suggest, a very unpleasant future could result for both. But I will agree in a land of what ifs lots of possibilities exist. Remember, the same theory works in reverse, one union trustee could vote with the employer trustees to withhold legitimate improvements, the difference being that union trustee could then lose their (non-paid) position by membership vote. That's participant accountability that only works on the union side.</p><p>However in the highly regulated and reported world of Trust Funds, this kind of activity happens in movies, not in reality. </p><p></p><p>I have no knowledge of UPS's intentions on placements of trustees on the CS plan. Neither do you. When trustees don't support a decision on any board, they vote no.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1019827, member: 37112"] I'll start out by rejecting the flawed premise of "there's always the temptation for the union to approach one of the smaller contributing employers with a side deal for purposes getting things to go in its direction". If that temptation does exist, it exists for both sides, more likely for the wealthier, employer side. The one entity that appoints "half" of the trustees, represents "all" of the participants. So with that math the union is getting shorted on trust fund boards. The one common interest that employers share (presently) is the unfunded/withdrawal liability. This in theory keeps everyone honest as your scenario played out (where an employer trustee would side with the union) would increase the obligation of that trustees employer, which is completely counter intuitive even without the personal liability issue. If a union trustee approached an employer trustee to make a "side deal" as you suggest, a very unpleasant future could result for both. But I will agree in a land of what ifs lots of possibilities exist. Remember, the same theory works in reverse, one union trustee could vote with the employer trustees to withhold legitimate improvements, the difference being that union trustee could then lose their (non-paid) position by membership vote. That's participant accountability that only works on the union side. However in the highly regulated and reported world of Trust Funds, this kind of activity happens in movies, not in reality. I have no knowledge of UPS's intentions on placements of trustees on the CS plan. Neither do you. When trustees don't support a decision on any board, they vote no. [/QUOTE]
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