Finally released the pension. Teamster app update

[Darmark7]

End of contract in 2028

So are they saying if a person reaches the age and years and hangs out until July 31 2028 they will get the next bump in pension? Seems strange to have a dollar amount for something that will kick in the day before a new contract.

 

[UnionStrong]

So are they saying if a person reaches the age and years and hangs out until July 31 2028 they will get the next bump in pension? Seems strange to have a dollar amount for something that will kick in the day before a new contract.

Things will change in a new contract after 2028

 

[Darmark7]

Things will change in a new contract after 2028

That‘s why it didn’t seem to make sense to me that they would have a part of this contract (pension) kick in the day before a new contract. Just scratching my head on that part of the pension update.

 

[I have NOT been lurking]

A huge amount of PTers are getting phat raises. A large amount of old timers are getting a big pension increase. Most are more than happy with the GWI.

If people vote, hard to believe this doesn't pass.

The part timers will vote

 

[Just A UPS Guy]

I don’t get it. The first column says after Jan 1 2024 and gives amounts. Then the second column says reaches on or before July 31 2028 and gives amounts. Jan 1 2024 is before July 31 2028 so why the 2 different numbers. I know I have to be missing something.

The second section is based on age milestones.

 

[Just A UPS Guy]

So are they saying if a person reaches the age and years and hangs out until July 31 2028 they will get the next bump in pension? Seems strange to have a dollar amount for something that will kick in the day before a new contract.

"On or BEFORE" July 31, 2028

 

[DELACROIX]

So 35 years serive over age 55 is $5300/month come Jan 1, 2024?

Nope. 4,700… you have to wait till 2028 to get that 5,300…

The Central and Southern got it again…

 

[Just A UPS Guy]

Nope. 4,700… you have to wait till 2028 to get that 5,300…

The Central and Southern got it again…

That's not what that reads at all.

 

[DELACROIX]

Have any numbers for pension contributions in Western plan been released?

Needn’t worry… you guys will still be better off then most of us…Your benefits right now pay better than those members under the IBT/UPS listed in 2028 !

 

[DELACROIX]

So are they saying if a person reaches the age and years and hangs out until July 31 2028 they will get the next bump in pension? Seems strange to have a dollar amount for something that will kick in the day before a new contract.

Unless if they are planning on eliminating or reducing that plan’s benefits.

 

[DELACROIX]

That's not what that reads at all.

I get you…a bit confusing…

Questions need to be answered for sure…

So.. if a member retires on 1 January 2024 with 35 years in what does he get…4,700 or 5,300..?

 

[Just A UPS Guy]

I get you…a bit confusing…

Questions need to be answered for sure…

So.. if a member retires on 1 January 2024 with 35 years in what does he get…4,700 or 5,300..?

Is said member 55+?

 

[542thruNthru]

Word on the street is SOB is sending the pension money to only a couple pensions. The West isn't getting anything.

 

[UpstateNYUPSer(Ret)]

Word on the street is SOB is sending the pension money to only a couple pensions. The West isn't getting anything.

I would think the MEPP's that were just bailed out would also be on that list.

 

[Darmark7]

The second section is based on age milestones.

Thanks! I knew I was missing something. Nice bump in pension pay.

 

[Just A UPS Guy]

Word on the street is SOB is sending the pension money to only a couple pensions. The West isn't getting anything.

Hard no, now.

 

[542thruNthru]

Hard no, now.

It's what I'm hearing. I'm not going to believe it till I see it.

 

[UnionStrong]

Hard no, now.

You fat cats don’t deserve anymore

 

[UnionStrong]

It's what I'm hearing. I'm not going to believe it till I see it.

Hopefully

 

[UnionStrong]

Word on the street is SOB is sending the pension money to only a couple pensions. The West isn't getting anything.

Good Good