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Brown Cafe UPS Forum
UPS Union Issues
Finally released the pension. Teamster app update
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<blockquote data-quote="DELACROIX" data-source="post: 5667091" data-attributes="member: 49065"><p>Generally the Pension and the Health and Welfare hourly increases are listed. I saw the monetary contributions for Health and Welfare are locked in at <strong>(.50) an hour a year for the next 5 years..20 dollars a week..with this TA..</strong></p><p></p><p>I do not see anything about hourly increases in anyone’s pension plans, even UPS’s defined pension plans, like the IBT/UPS pension fund or the UPS Pension Plan for their part timers.</p><p></p><p>I looked up some info on the previous 2018-2023 pension increases and it was listed at <strong>(a dollar an hour) each year for those 5 Years..</strong></p><p></p><p>Another figure thrown out there was that UPS contributes 23,000 dollars a year into every full timers pension fund, that is a fallacy.</p><p></p><p>I remember from the last Contract a newsletter from the International listing the weekly monetary contributions that UPS was paying into <strong>Western’s pension fund </strong>I might still have that, but I believe that the final 2023 contributions were listed as being over <strong>(500 dollars) </strong>a week, the same total contribution as our Health and Welfare plans.</p><p></p><p>The future growth for the Western is almost a guarantee…the final weekly contribution rate will be the same, there will be new younger participants every year and your part timers are contributing to your plan also, unlike the UPS/IBT and other pension plans.</p><p></p><p><strong>So relax you guys will always have the best pension benefits by far…</strong></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5667091, member: 49065"] Generally the Pension and the Health and Welfare hourly increases are listed. I saw the monetary contributions for Health and Welfare are locked in at [B](.50) an hour a year for the next 5 years..20 dollars a week..with this TA..[/B] I do not see anything about hourly increases in anyone’s pension plans, even UPS’s defined pension plans, like the IBT/UPS pension fund or the UPS Pension Plan for their part timers. I looked up some info on the previous 2018-2023 pension increases and it was listed at [B](a dollar an hour) each year for those 5 Years..[/B] Another figure thrown out there was that UPS contributes 23,000 dollars a year into every full timers pension fund, that is a fallacy. I remember from the last Contract a newsletter from the International listing the weekly monetary contributions that UPS was paying into [B]Western’s pension fund [/B]I might still have that, but I believe that the final 2023 contributions were listed as being over [B](500 dollars) [/B]a week, the same total contribution as our Health and Welfare plans. The future growth for the Western is almost a guarantee…the final weekly contribution rate will be the same, there will be new younger participants every year and your part timers are contributing to your plan also, unlike the UPS/IBT and other pension plans. [B]So relax you guys will always have the best pension benefits by far…[/B] [/QUOTE]
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Finally released the pension. Teamster app update
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