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Brown Cafe UPS Forum
UPS Union Issues
forced to put into 401k
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<blockquote data-quote="cachmeifucan" data-source="post: 3355988" data-attributes="member: 71060"><p>Got a letter in the Mail stating any new full-time employee or a lateral bid full-time employees will be forced to put 3% into 401k and 1% increase that will be capped at 10%. For One Is This Even Legal. 2 it scares me because are they trying to take our pension. They already took .10 from the part time employees to put into full time pension. Management is eliminating pension for non union employees. That was before the yuge tax cut. If ups revenue is 60 billion they tend to save a additional 14% corporate tax rate witch is roughly 9 bill</p></blockquote><p></p>
[QUOTE="cachmeifucan, post: 3355988, member: 71060"] Got a letter in the Mail stating any new full-time employee or a lateral bid full-time employees will be forced to put 3% into 401k and 1% increase that will be capped at 10%. For One Is This Even Legal. 2 it scares me because are they trying to take our pension. They already took .10 from the part time employees to put into full time pension. Management is eliminating pension for non union employees. That was before the yuge tax cut. If ups revenue is 60 billion they tend to save a additional 14% corporate tax rate witch is roughly 9 bill [/QUOTE]
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