What'dyabringmetoday???
Well-Known Member
Wow- you actually are making sense! Good for you!
If you are thinking about voting NO…
- Thread starter fattybrown
- Start date
They're hoping the people are blinded by The upfront money
Trucker Clock
Well-Known Member
UPS-Teamsters deal freezes pension contribution increases for most plans
The pension freezes are a massive concession to the company, potentially worth tens of millions or even hundreds of millions of dollars.www.wsws.org
World Socialist Web Site.
I believe them about as much as I believe UPS.
Wally
BrownCafe Innovator & King of Puns
Level the playing field? They are better off than most now? $5300 a month!
I'll make up my mind after the contract meeting this weekend
Bubblehead
My Senior Picture
How many fit in that bucket?
Wally
BrownCafe Innovator & King of Puns
Language on page 24 of the national tentative agreement also clearly states that all non-distressed pensions would have their yearly maximum health and welfare contribution increases cut in half, from $40 to $20 per week.
Wally
BrownCafe Innovator & King of Puns
Doesn't matter. They are doing better than others.
Thebrownblob
Well-Known Member
Thebrownblob
Well-Known Member
Good for them.
Bubblehead
My Senior Picture
Of course it does, there's a cost associated.
UPS would not agree without analyzing that cost and likely agreed in order to even out some demographics.
Thebrownblob
Well-Known Member
Trying to get rid of some old farts in the central?
Thicker throw a few shuckles my way I'll leave
Non liberal
Well-Known Member
No it wouldn’t. That’s absolutely ridiculous. Don’t confuse the inflation rate from the previous administration with what happened during Reagan’s tenure. Reagan’s policies were still improving the economy during Clinton’s tenure.
govols019
You smell that?
Who are these "others"?
DELACROIX
In the Spirit of Honore' Daumier
Under the IBT/UPS Pension Plan any part time service is not included with that 5300 a month over age 55 service benefit.
I am guessing that over 80 percent of those full timers who can qualify have close to 10 years vested as a part timer under the UPS Pension Plan. Those years are subject to a 6 percent penalty for every year prior to age 65 when they left that plan, so if they leave at age 55 as a full timer whatever little amount they have vested as a part timer will be cut by 60 percent. That pension benefit is separate from their full time benefits, totally different plan.
Those members that would qualify for all those IBT/UPS service levels will be retiring much older than the other plans like the Western. We had senior part timers with 15 to 20 years service who jumped on those 22.3’s early on only to find out they would be retiring with less once they hit age 55 by going full time. Those full time years under the IBT/UPS Pension Plan are also subject to a 6 percent penalty if you do not hit those service requirements listed.
It would have been great if they could have negotiated all hours worked like it is done in the West (part time and full time) for those members in the Central and Southern. Didn’t happen…
Those full timers under the IBT/UPS Pension formulas actually deserves more pension equality and improvements than those (enhanced) benefits listed with this TA. The main reason for that is most of us will be close to 65 and will have over 45 years service before we get anything close to what the other plans pay out now.
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Thebrownblob
Well-Known Member
Yes, my eight years part-time kind of screws me.
DELACROIX
In the Spirit of Honore' Daumier
Yes, my eight years part-time kind of screws me.
I have another concern about those service pension levels listed with this TA.
Are those (age enhancements…over age 55) included with our previous part time service. Or are they only applied to our full time service under the IBT/UPS..?
Thebrownblob
Well-Known Member
Doubtful
BigUnionGuy
Got the T-Shirt
Louisville union endorses UPS contract after 'concerns' addressed
Teamsters Local 89 in Louisville no longer has concerns about the proposed contract with UPS and “emphatically” recommends its members vote in favor of the deal, the union said Thursday.
