If you don't have 30 F/T years by 2023. READ THIS

Discussion in 'UPS Discussions' started by 1whofan, Jul 29, 2018.

  1. 1whofan

    1whofan Member

    This is why a lot of us are voting no on this contract.

    25 and out at any age $2,000
    25 and 57 years of age $2,500 plus $100 for each year of service
    30 and out at any age 3,900 at any age after Jan. 2020
    35 and out is $4,300 after Jan.2020.
    Anybody that votes yes to this contract is accepting a $1900 dollar discrepancy for 5 years of seniority. If you became a full timer at 21 and retire at 51 you get $3900 with a longer life expectancy than a 57 year old that retires with 25 F/T years and only gets $2500. Not to mention any F/T that retires before 57 and only gets $2,000.
     
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  2. 1989

    1989 Well-Known Member

    Those are terrible numbers.
     
  3. upschuck

    upschuck Well-Known Member

    Huh? Not true
     
  4. jagger john

    jagger john Member

    needs to be a pension raise aug 1 2018 400.00 not 2020.30 out with medical are pensions are 1980 prices
     
  5. upschuck

    upschuck Well-Known Member

    That is why I was complaining about the accrual method of calculating the pension. No increase in that, and has only gone up $5/year in these 2 contracts(this one, and the previous).
     
  6. 1whofan

    1whofan Member

     
  7. 1whofan

    1whofan Member

    Page 16 of the national master agreement. If I'm reading it wrong let me know.
     
  8. upschuck

    upschuck Well-Known Member

    One of my things I am not good about, is reading people's untyped words. :)
     
  9. upschuck

    upschuck Well-Known Member

    About the 25 year pension? Yes, but that is for 25-29 years. If you have 30+, it jumps to 3400+/year.
     
  10. 1whofan

    1whofan Member

    That's my point if you vote yes and you retire with 30 F/T years after Jan. 2020 you get $3,900. If you retire with 25 years you get $2,000. Why the huge GAP.
     
  11. upschuck

    upschuck Well-Known Member

    To discourage early retirement. That drains pension funds.
     
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  12. 1whofan

    1whofan Member

    Retirement is already being discouraged by the work load.
     
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  13. Coldworld

    Coldworld Bad mall cop...no donut!!!

    Something we both can agree on... amazing
     
  14. Jackburton

    Jackburton Gone Fish'n

    Quite the opposite.

    Just ask any management at UPS about the new “transformation” they are doing. Basically offering severance packages to older employees, higher pay bands, and non essential personnel.

    The whole reason for the gap between 25 and 30 is simple.

    If you are absolutely sick of UPS and hate working here, you’ll take the 25 and out, $2000 or $2500.

    If you made it to 30 and out and see the $3900, you might stay a couple more years with $100 for every year. At that point you’re probably in your mid to late 50’s at the earliest. UPS doesn’t want old guys, they need fresh horses to pull the carriage, and will offer more to put you out to pasture.
     
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  15. upschuck

    upschuck Well-Known Member

    Heavy workload encourages getting out as soon as possible.
     
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  16. Benben

    Benben Working on a new degree, Masters in BS Detecting!

    Nice glass is 1/2 full view point. If your name was Dave I'd say your living in the BOG!

    Care to see the other side of the coin?

    At 200+ stops a day, 330+ pieces delivered a day, 100+ pieces picked up a day, all in 11 hours very, very few will make it to 30 years. The body can not take the abuse they are inflicting upon us anymore. Now with Coyote Logistics fewer feeder positions will open up to move into so no relief there.

    The company and the Union knows and has known for some time the number making it to 30 years is dwindling fast. SO therefore don't change the retirement for the majority of those who will retire to match inflation.

    "We've screwed them on the front end (raises don't match inflation) and we screwed them on the back end!"
     
  17. 1whofan

    1whofan Member

    That's why the gap is ludicrous, there asking more of us and dangling a 30 year carrot in front of all of us that very few of us will ever reach. 25 is as important as 30 and 35, if not more.
     
  18. Benben

    Benben Working on a new degree, Masters in BS Detecting!

    ding,ding,ding WE HAVE A WINNER!!!
     
  19. upschuck

    upschuck Well-Known Member

    I know the other side of the coin.

    If they offered, say $3000 after 25, a lot more people would retire at 50 or under, giving 25+ years to take money out, and pensions would be in worse shape than they already are.
     
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  20. Jackburton

    Jackburton Gone Fish'n

    But would gain by retiring a older driver for a younger one in progression. I’d be curious to see the difference in pay during those 5 years vs the pension contributions, and measured increase in production from a younger driver.
     
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