browned out
Well-Known 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.
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.