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Finance presentation at Sunday NMA reading for SFBayArea hourlies
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<blockquote data-quote="DELACROIX" data-source="post: 3688813" data-attributes="member: 49065"><p>Most of her comments has nothing to do with this flaws in this Master and Supplements, and I DO NOT appreciate her downgrading the intelligence of the average rank and file of our Union. I still question who she is representing with her comments (Union or Company).</p><p></p><p>If she really wants to financially explain why this contract should be ratified, she should get on this site and start the debates and really answer our questions or concerns. I personally have many that over the last 20 years have been ignored and answered with misinformation from both sides. Am I alone on that?</p><p></p><p>Most of that Trump Tax break surplus went into their Company Controlled Pension Trusts. The three major ones are the (UPS Retirement Plan) for high salaried management employees, (The IBT/UPS Pension Plan) that covers the Union full timers in the Central and South, and (The UPS Pension Plan) for Part timers also in the Central and South. </p><p></p><p>The over the required annual contributions into the UPS Retirement Plan was to help cover the costs for the current "Transformation Project" with the buy outs for those who were close to retirement in operations outside package operations. I do not how much of those monetary contributions went into those three company controlled Pension Trusts, but I have a suspicion that most of it went into the Management's trust.</p><p></p><p>The growth in internet sells will continue and will expand for all the common carriers. Any loss of volume will be due to mismanagement or poor decision making on the highest levels on the corporate level. Their futile effort of pinning it on the Union Employees is nothing but a scam. The monetary savings of them continuing to cut Middle Management and the elimination of their payments into the "UPS Retirement Plan" in 2023 should be enough to correct the injustices with the way they have treated their Union Employees over the decades.</p><p></p><p>This "tentative contract" just does not do it. Vote "NO" and kick it back to the table or walk. " Choose Wisely "..</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3688813, member: 49065"] Most of her comments has nothing to do with this flaws in this Master and Supplements, and I DO NOT appreciate her downgrading the intelligence of the average rank and file of our Union. I still question who she is representing with her comments (Union or Company). If she really wants to financially explain why this contract should be ratified, she should get on this site and start the debates and really answer our questions or concerns. I personally have many that over the last 20 years have been ignored and answered with misinformation from both sides. Am I alone on that? Most of that Trump Tax break surplus went into their Company Controlled Pension Trusts. The three major ones are the (UPS Retirement Plan) for high salaried management employees, (The IBT/UPS Pension Plan) that covers the Union full timers in the Central and South, and (The UPS Pension Plan) for Part timers also in the Central and South. The over the required annual contributions into the UPS Retirement Plan was to help cover the costs for the current "Transformation Project" with the buy outs for those who were close to retirement in operations outside package operations. I do not how much of those monetary contributions went into those three company controlled Pension Trusts, but I have a suspicion that most of it went into the Management's trust. The growth in internet sells will continue and will expand for all the common carriers. Any loss of volume will be due to mismanagement or poor decision making on the highest levels on the corporate level. Their futile effort of pinning it on the Union Employees is nothing but a scam. The monetary savings of them continuing to cut Middle Management and the elimination of their payments into the "UPS Retirement Plan" in 2023 should be enough to correct the injustices with the way they have treated their Union Employees over the decades. This "tentative contract" just does not do it. Vote "NO" and kick it back to the table or walk. " Choose Wisely ".. [/QUOTE]
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