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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="TheOCbaby" data-source="post: 5670864" data-attributes="member: 8886"><p>Western States got screwed on pension. Western is effectively getting a 33% rate cut in pension contributions, which remain flat the entire duration of the contract. IBT gave some gaslighting story about how they are so well-funded already that they didn't need so much new contributions, and that they should give up a huge chunk of their future contributions to Central States and New England. Essentially, Western was given a decreased contribution that would work out to about a $277.40 monthly increase for each 2080 hours worked in a year vs. about a $390 monthly increase for each 2080 hours worked this current year. Granted, the past two years were quite exceptional contributory years, and it would've been surprising to match them considering the wage increase, but we still don't like being told it's an increase when it is clearly NOT. The contribution rate is down, so it is a decrease.</p></blockquote><p></p>
[QUOTE="TheOCbaby, post: 5670864, member: 8886"] Western States got screwed on pension. Western is effectively getting a 33% rate cut in pension contributions, which remain flat the entire duration of the contract. IBT gave some gaslighting story about how they are so well-funded already that they didn't need so much new contributions, and that they should give up a huge chunk of their future contributions to Central States and New England. Essentially, Western was given a decreased contribution that would work out to about a $277.40 monthly increase for each 2080 hours worked in a year vs. about a $390 monthly increase for each 2080 hours worked this current year. Granted, the past two years were quite exceptional contributory years, and it would've been surprising to match them considering the wage increase, but we still don't like being told it's an increase when it is clearly NOT. The contribution rate is down, so it is a decrease. [/QUOTE]
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Finally released the pension. Teamster app update
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