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Brown Cafe UPS Forum
UPS Union Issues
Don't Retire before the next contract-Pension Cuts loom
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<blockquote data-quote="browned out" data-source="post: 2174448" data-attributes="member: 8105"><p>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.</p><p></p><p>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.</p><p></p><p>Call your local or the Teamsters National in DC to confirm. This is my understanding.</p></blockquote><p></p>
[QUOTE="browned out, post: 2174448, member: 8105"] 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. [/QUOTE]
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Don't Retire before the next contract-Pension Cuts loom
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