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UPS Union Issues
Fred Zs * visit, his amicable meeting with PK & JC 42s fury!
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<blockquote data-quote="realbrown1" data-source="post: 2029340" data-attributes="member: 46221"><p>I will tell you.</p><p></p><p>The last 4 years our funding percentage has hovered around 89% to 90.7%.</p><p></p><p>Not bad, but not great either.</p><p></p><p>And we do get a nice pension at peer 80, my guess would for most at peer 80 with a majority of it full time, would get north or $4000 a month or maybe some at $5000 a month.</p><p></p><p>But under this contract, we lost pension contributions of about $500 the first year, add $1000 the 2nd year, and add another $1000 this year.</p><p></p><p>That is compounded, meaning this year, UPS is putting $2500 a year less into our pension fund from here on out.</p><p></p><p>That money got diverted to our health care.</p><p></p><p>A weaker health care plan than we had before.</p><p></p><p>With a deductible starting on the 4th year of the contract, and we have NEVER had deductibles before.</p><p></p><p>This is what the OG is bragging about.</p><p></p><p>Not bad, but for a company that averages $4 billion a year in profits, this is not good.</p></blockquote><p></p>
[QUOTE="realbrown1, post: 2029340, member: 46221"] I will tell you. The last 4 years our funding percentage has hovered around 89% to 90.7%. Not bad, but not great either. And we do get a nice pension at peer 80, my guess would for most at peer 80 with a majority of it full time, would get north or $4000 a month or maybe some at $5000 a month. But under this contract, we lost pension contributions of about $500 the first year, add $1000 the 2nd year, and add another $1000 this year. That is compounded, meaning this year, UPS is putting $2500 a year less into our pension fund from here on out. That money got diverted to our health care. A weaker health care plan than we had before. With a deductible starting on the 4th year of the contract, and we have NEVER had deductibles before. This is what the OG is bragging about. Not bad, but for a company that averages $4 billion a year in profits, this is not good. [/QUOTE]
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