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Giving PT the option to not have benefits/pension
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<blockquote data-quote="DELACROIX" data-source="post: 5543528" data-attributes="member: 49065"><p>In <strong>regions</strong> where the part timers' positions are contributing (monetary) to the full timer's pension and health and welfare plans, like the <strong>western conferences....NO WAY...!!</strong></p><p><strong></strong></p><p><strong>Other regions or conferences where they are not...it is plausible...</strong></p><p></p><p>Those part timers under the Central and Southern are most vulnerable...I can see the Company offering a matched 401K similar to what they just did with their management people...or they can just keep control of the UPS Pension Plan knowing full well that almost 90 percent of those who are currently vested (5 years) will get peanuts once they hit the service requirements for a full pension benefit. A <strong>Win, Win situation for the company....</strong></p><p><strong></strong></p><p><strong>We all might want to look up the differences between a <span style="color: rgb(184, 49, 47)">(Defined Pension Plan)</span><span style="color: rgb(0, 0, 0)"> and a </span><span style="color: rgb(65, 168, 95)">(Monetary Contribution Pension Plan) </span></strong><span style="color: rgb(0, 0, 0)">like the West's....the big one is how they are funded...</span></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5543528, member: 49065"] In [B]regions[/B] where the part timers' positions are contributing (monetary) to the full timer's pension and health and welfare plans, like the [B]western conferences....NO WAY...!! Other regions or conferences where they are not...it is plausible...[/B] Those part timers under the Central and Southern are most vulnerable...I can see the Company offering a matched 401K similar to what they just did with their management people...or they can just keep control of the UPS Pension Plan knowing full well that almost 90 percent of those who are currently vested (5 years) will get peanuts once they hit the service requirements for a full pension benefit. A [B]Win, Win situation for the company.... We all might want to look up the differences between a [COLOR=rgb(184, 49, 47)](Defined Pension Plan)[/COLOR][COLOR=rgb(0, 0, 0)] and a [/COLOR][COLOR=rgb(65, 168, 95)](Monetary Contribution Pension Plan) [/COLOR][/B][COLOR=rgb(0, 0, 0)]like the West's....the big one is how they are funded...[/COLOR] [/QUOTE]
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Giving PT the option to not have benefits/pension
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