Don't Retire before the next contract-Pension Cuts loom

Discussion in 'UPS Union Issues' started by browned out, May 3, 2016.

  1. browned out

    browned out Active Member

    This may have been posted already but this is the first I have heard of this tough fact.

    Any full time drivers who retire or retired after 2008 have pensions that are contractually (for the contract that expires in 2018 ONLY) protected even if the Central States cuts benefits. That I knew.

    What I did not know is there is no Grandfathered in clause. In 2018, when the new contract is negotiated; The pension "make whole" clause will have to again be negotiated in. Drivers and other full time UPS hourlies' who retired after 2008 could face the same drastic cuts as UPSers who retired before 2008.

    What happens if (when) UPS throws some incentive (bonus, raise, shorter progression, etc) at the newer drivers who have NO vested time in the Central States Pension because they started driving after UPS withdrew from Central States.

    Why would the newer drivers care about us old timers' pensions?

    Few, if any, of the drivers that voted on the 2013 contract had a second thought about the clause that protected only UPS full timers that retired after 2008. . We allowed the pension cuts that may be coming to be imposed on friends and mentors we worked with for years.

    Don't retire and don't take a buyout until the next contract is passed. You will at least still have a vote or be able to keep working at UPS if your pension is cut.

    Call you local union reps and ask them. Ask them if our Central States make up provision pensions are guaranteed after this contract. Call your retired colleagues and let them know this could very well be coming down the pike.

    Maybe we can stop this from happening to us. Hopefully the UPSers who retired prior to 2008 do not have their benefits cut.
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  2. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    UPSers have already proven that they will throw their union brothers under the bus for a few crumbs like the last contract.

    I think those retirees are screwed if H is still in power.

    H will let UPS bribe younger workers, and screw over the retirees to get the contract passed.

    H has done this before.
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  3. Boulevard859710

    Boulevard859710 Active Member

    I think Hoffa Sr. would disown him if he were alive.
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  4. PiedmontSteward

    PiedmontSteward RTW-4-Less

    Absolutely true, but I interpret this a little bit differently than you.

    We don't have to "negotiate in" the CS Pension Clause, but it will be something the company tries to use to extract concessions from us just like they did with healthcare and the new 4 year FT progression during the negotiations for the 2013-2018 CBA. They'll likely go after two tier FT wages for drivers (which the company tried to propose in the last week or so of negotiations) or an even longer FT progression.
  5. BigUnionGuy

    BigUnionGuy Got the T-Shirt

    I would hope, everybody knows that.

    I don't see that changing.

    What ?

    Who told you this ?

    "The UPS/IBT Plan will recognize full-time service in the CS Plan for determining eligibility for the benefits in this section and will offset at Normal Retirement Age the benefits accrued from the CS Plan commencing at Normal Retirement Age. If the benefit paid from the CS Plan is reduced as permitted or required by law, the amount of such reduction shall not be included in this offset."

    Are you saying....

    The company can "retroactively" not honor previously agreed to, contract language ?

    Or, are you just speculating ? (because of recent company statements)

    UPS claims proposed Central States benefit reductions illegal | Business Insurance

    Help me out.

  6. trickpony1

    trickpony1 Well-Known Member

    I'm just a truck driver but.......

    I would think that a driver that retired under this contract would be "contractually protected" regardless of what the next contract says or is forced down our throats?

    I'm aware that I can work into 2018 if there are cuts but I don't want to work and then die.....I would like to enjoy retirement a little before I die.

    It was brought to my attention that the company didn't say anything about this in the last contract which is concerning.
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  7. browned out

    browned out Active Member

    The company can just ------------------it out in the contract. It is ERISA pension law, the contract does not override it. It has to be negotiated in. If someone retired today. Their pension could be cut when the next contract goes into effect. One can not be grandfathered in.

    If the pension cut clause was explained to us in the last contract negotiations; I would have urged everyone to have a pension protection article written in for all UPS employees regardless of the year they retired. They deserve it. It is a travesty.

    Call your local or the Teamsters National in DC to confirm. This is my understanding.
  8. BigUnionGuy

    BigUnionGuy Got the T-Shirt

    That explains it.

    Get back with us.... with some facts. :biggrin:

  9. trickpony1

    trickpony1 Well-Known Member

    Hey BUG.......
    Before you unload on might just give him a chance to offer his opinion.

    No one really knows what's up.

    Monkey Butt agreed with my post #6 which, usually, he doesn't agree to a lot of posts so what, exactly, was he agreeing to?.....assuming he knows something we don't.
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  10. Monkey Butt

    Monkey Butt Dark Prince of Double Standards Staff Member

    It was brought to my attention that the company didn't say anything about this in the last contract which is concerning.

    UPS don't miss much!
  11. Signhere

    Signhere Member

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    Last edited: May 4, 2016
  12. trickpony1

    trickpony1 Well-Known Member

  13. browned out

    browned out Active Member

  14. Signhere

    Signhere Member

    look at Page 83 and 84 in Master under Article 34 this is a negotiating chess diverting funds to healthcare it lowers contributions to the pension fund....check your local supplement to see if it has passed and what it says the hall
  15. By The Book

    By The Book Well-Known Member

    If you get a dollar, and take $.10 and put it towards healthcare, that leaves $.90 cents to go towards the raise and pension. Healthcare may need to be shored up just like the pension.
  16. Signhere

    Signhere Member

    It also lowers company contributions to the pensions so to make up that ten cents there will be a demand concessions somewhere ,,,and this is how the individual supplements to the master are bargained free socks.....
  17. By The Book

    By The Book Well-Known Member

    Can they take money from the wage increase and put it towards healthcare?, you ok with that? That would leave the pension contribution alone.
  18. Signhere

    Signhere Member

    they will use each stalemate piece as a bargaining chip..separately ...the big concern is health insurance coverge is going up...
  19. Lead Belly

    Lead Belly BANNED

    I'll take a buyout right this minute for 1.2 million.
  20. By The Book

    By The Book Well-Known Member

    My point is if you don't make the healthcare fund solvent, it will have problems like many pension plans are now having. Are you saying that all the raise monies should only go for raises ?