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Brown Cafe UPS Forum
UPS Union Issues
my thoughts on new contract
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<blockquote data-quote="Bill" data-source="post: 252323" data-attributes="member: 5483"><p>What I have been saying all along is that the Teamsters are only concerned with raising money for themselves. They negotiate pay raises, but every time you get a raise, they increase the union dues. As far as the pension in CS is concerned, the Teamsters had no choice, but to allow UPS to take it over. The Teamsters/CS simply could not get out of the huge liability deficit they incurred over the years. The 6.1 billion dollar buyout only buys CS a few extra years before they are in the same condition as they are in now. They are still going to go bankrupt, but now it will take a few years longer. As far as choosing between UPS and the Teamsters controlling the pension: The Teamsters don't have the money, UPS does. However, don't expect to ever see your monthly pension increased under UPS. After you retire, whatever dollar amount you receive monthly, will be worth less and less each passing year, as the cost of living goes up. UPS will recoup the $6.1 billion in a few years, and after that, it is all profit for them.</p></blockquote><p></p>
[QUOTE="Bill, post: 252323, member: 5483"] What I have been saying all along is that the Teamsters are only concerned with raising money for themselves. They negotiate pay raises, but every time you get a raise, they increase the union dues. As far as the pension in CS is concerned, the Teamsters had no choice, but to allow UPS to take it over. The Teamsters/CS simply could not get out of the huge liability deficit they incurred over the years. The 6.1 billion dollar buyout only buys CS a few extra years before they are in the same condition as they are in now. They are still going to go bankrupt, but now it will take a few years longer. As far as choosing between UPS and the Teamsters controlling the pension: The Teamsters don't have the money, UPS does. However, don't expect to ever see your monthly pension increased under UPS. After you retire, whatever dollar amount you receive monthly, will be worth less and less each passing year, as the cost of living goes up. UPS will recoup the $6.1 billion in a few years, and after that, it is all profit for them. [/QUOTE]
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