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<blockquote data-quote="DELACROIX" data-source="post: 4965398" data-attributes="member: 49065"><p>What is alarming with the last couple of Contracts is the total lack of negotiating power shown by the International's committees, they appeared to have given up... particularly with the Central and Southern Supplements...</p><p></p><p>Maybe with the possible resolution of the underfunded Central States pension plan the new Negotiating Committees will be able to get those members closer to what the West has. This forgivable loan will have strings attached, the Feds will be running the show for the most part, the money will not be given directly to these suffering pension plans but will be handed out by the PBGC. I believe that the current retirees will be issued checks from that agency when these pension trusts accept their loans.</p><p></p><p>What is grievous is the disparity for the part time years between the Western Conference and the Central and Southern, most of the full timers under current IBT/UPS Pension Plan have 5 to 10 years as part timers. That plan is totally controlled by the Company, there really has not been any improvements for those vested years served over theist 24 years. The Western formula for a 30 year (part time pension) is 3000 and it continues to grow well after 35 years, that monetary benefit carries over into your full time years with no limitations..I believe that currently it pays roughly 300 dollars per service year.</p><p></p><p>People been playing politics over this issue for the longest time...Study Article 34 Master and Central Supplement 17 relating to the IBT/UPS Pension benefits...Why did the national negotiation committee include duplicate language..I believe that it was to make sure that the Central and Southern did not have total control or say in the matter, even if by chance we voted the Central and Southern down those inferior benefits will still be in place if the Master passes...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4965398, member: 49065"] What is alarming with the last couple of Contracts is the total lack of negotiating power shown by the International's committees, they appeared to have given up... particularly with the Central and Southern Supplements... Maybe with the possible resolution of the underfunded Central States pension plan the new Negotiating Committees will be able to get those members closer to what the West has. This forgivable loan will have strings attached, the Feds will be running the show for the most part, the money will not be given directly to these suffering pension plans but will be handed out by the PBGC. I believe that the current retirees will be issued checks from that agency when these pension trusts accept their loans. What is grievous is the disparity for the part time years between the Western Conference and the Central and Southern, most of the full timers under current IBT/UPS Pension Plan have 5 to 10 years as part timers. That plan is totally controlled by the Company, there really has not been any improvements for those vested years served over theist 24 years. The Western formula for a 30 year (part time pension) is 3000 and it continues to grow well after 35 years, that monetary benefit carries over into your full time years with no limitations..I believe that currently it pays roughly 300 dollars per service year. People been playing politics over this issue for the longest time...Study Article 34 Master and Central Supplement 17 relating to the IBT/UPS Pension benefits...Why did the national negotiation committee include duplicate language..I believe that it was to make sure that the Central and Southern did not have total control or say in the matter, even if by chance we voted the Central and Southern down those inferior benefits will still be in place if the Master passes... [/QUOTE]
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