Greg Kerwoods Contract Review

542thruNthru

Well-Known Member
Sounds good to me!
ZomboMeme 10082023140215.jpg
 

DELACROIX

In the Spirit of Honore' Daumier
Most people in my hub have no idea either. All the 22.3's have been mislead into believing this as well. All full-time pensions are different from local to local, state to state. But as for your part-time years with the company part-time pension..........there is a 6% reduction in payout for each year you begin to take it under the age of 65. Ex......If you did 15 years part-time and that came out at $55X15=$825(approximate) So at 65 you would get $825 for your part-time years.......but if you left at 55, it would be reduced. 65 full pay at 55 it would be reduced by 10 years X 6%=60% So the $825 becomes $495.
I got caught in this boat. Local 705.......I was going to go full-time(22.3) with 20 years in but since I plan on leaving by 55 it would make no sense pension wise. If I stay part-time I can get the 25 and out($1,125), 30 and out($1,650) or 35 and out($1,925) at any age without a reduction under age 65.
My scenario would have been 20yrs x $55($60 for last 5 years) = $1,125 minus 10 years X 6%. So my 20 years part-time would go from $1,125 all the way down to $450. No thanks, I'll stick with 2 jobs and get my 35 and out at 53($1,925) or hang on till 55 for insurance if they still offer it then.(doubt it)

Same scenario for drivers, part-time pension is reduced 6% each year before age 65.

Rather than to explain how the part time hours work under the IBT/UPS pension area. Nothing has changed with this TA..

Dated: 1 April 2013…. :notalone:
 

Brown Circus

Shh...It’s peak and I’m hunting logic
Every flyer they put out conveniently leaves out key info. Propaganda.
I think he had specific numbers in mind and the company met those numbers. Where he messed up is keeping his targets on the down low and allowing everyone to interpret his rhetoric into their own targets. When he got his he did a touchdown dance and many were left thinking that we were still at the 20 yard line!
 
Top