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Brown Cafe UPS Forum
UPS Union Issues
is there any chance of 25 and out at any age next contract?
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<blockquote data-quote="beentheredonethat" data-source="post: 843286" data-attributes="member: 4886"><p>I still get amazed that people complain and place the majority of blame on the pension with UPS. Up in New England, we pay into the pension fund based on hours paid (with a max of 40). I know back in 94 time frame, we contributed about $2.60/hr into the pension fund, now I believe it's about $5.00/hr into the pension fund. At $5/hr thats $200/week or $10,400/yr assuming you get paid 40 hrs (or more) each week. I know oversight of the pension fund is half employers, half teamsters. But for the employers, UPS only has a portion of the vote. Many other employers pay less then what UPS contributes. Also, think of all the part timers who UPS contributes for (In New England, Part time is in the same pension fund). but doesn't stay the 5 years it takes to vest. Think of all that money that goes into the pot. That money has been seriously mismanaged.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 843286, member: 4886"] I still get amazed that people complain and place the majority of blame on the pension with UPS. Up in New England, we pay into the pension fund based on hours paid (with a max of 40). I know back in 94 time frame, we contributed about $2.60/hr into the pension fund, now I believe it's about $5.00/hr into the pension fund. At $5/hr thats $200/week or $10,400/yr assuming you get paid 40 hrs (or more) each week. I know oversight of the pension fund is half employers, half teamsters. But for the employers, UPS only has a portion of the vote. Many other employers pay less then what UPS contributes. Also, think of all the part timers who UPS contributes for (In New England, Part time is in the same pension fund). but doesn't stay the 5 years it takes to vest. Think of all that money that goes into the pot. That money has been seriously mismanaged. [/QUOTE]
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is there any chance of 25 and out at any age next contract?
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