New Video! Is the buyout even worth it?

[AllTheBellsAndWhistles123]

I get it, but those taking the buyout most likely already have the years for their pension and retiree healthcare. You're signing a legal contract. Do you really expect UPS to not make the payments?

If you're a year or two away from retirement, OK. But if you're months away, I would take the risk. Get $30-$50K and not have to work. That is a no brainer.

In my case as a single person, I would try to get any major medical stuff done while I was still working and go without insurance for the month or two that I was waiting for my retiree care to kick in.

 

[BigBrownBeaver69]

Basically people taking the buyout are technically quitting which will terminate any protections IMO

Yep.

 

[AllTheBellsAndWhistles123]

Yep.

Yep but it won’t take away any earned benefits like your pension and retiree healthcare.

 

[DELACROIX]

Lake house payment

Brand new ski boat

Brand new truck to pull the ski

A couple of Sea-Doos

And two ex-wives

And getting a couple of kids from the new wives in their 50s

The struggle is real out here for a lot of of these guys!!!

You don’t get kicked out automatically as long as you’re working no matter how old you are. Medicare would become your secondary insurance while working!

The killer would be the 2 X wife’s..

 

[Well-Known Member]

Dont forget about social security
It goes by the best 35 years of your earnings adjusted for inflation.

For those with 35-45 years FT, it won't make much of a difference.

 

[nWo]

Center manager said no one is allowed to take the buyout because we don't have enough drivers.

 

[AllTheBellsAndWhistles123]

Center manager said no one is allowed to take the buyout because we don't have enough drivers.

Tell him to brown up!

 

[tourists24]

Center manager said no one is allowed to take the buyout because we don't have enough drivers.

This is where a grievance could actually win. If your top senior guy wants to take it and has more seniority than others in other centers that get accepted; could have a case

 

[AllTheBellsAndWhistles123]

This is where a grievance could actually win. If your top senior guy wants to take it and has more seniority than others in other centers that get accepted; could have a case

NOPE!!!

 

[tourists24]

NOPE!!!

YEP. If I were a driver with 40 years of seniority wanting this buyout and denied while someone in a center in my same local with 30 years was accepted I would absolutely file on seniority violation. I would love to see this go to a panel/arbitrator

 

[AllTheBellsAndWhistles123]

YEP

NOPE!!!

This buyout has NOTHING to do with building or company seniority. It is an offer from the Company to a specific employee. If the employee accepts then an agreement has been made—-if they don’t then both go on as though nothing happened.

 

[IVE GOTTA PACKAGE 4U]

For those with 35-45 years FT, it won't make much of a difference.

45 has to be feeders. Not in package

 

[decal21x]

Id rather get it at the beginning of next year so that im not in a super high tax bracket

Put your max 401 k contributions to 35% and make up 35% and you can pull that $$ out next year at a lower rate. You will only pay on about 30-40% based on what you have already taken out this year to hit your max

 

[tourists24]

NOPE!!!

This buyout has NOTHING to do with building or company seniority. It is an offer from the Company to a specific employee. If the employee accepts then an agreement has been made—-if they don’t then both go on as though nothing happened.

But it does have to do with our contract agreement with the company

 

[tourists24]

YEP

 

[AllTheBellsAndWhistles123]

But it does have to do with our contract agreement with the company

They can and they will.

Carol offers tourists24 $60K to leave early. She also offers thebrownblob that same $60K. If both accept there would then be two separate agreements. If both reject then it is business as usual. If tourusts24 rejects but thebrownblob, who works in another center and has less seniority, accepts, there would only be one agreement and tourists24 would have no recourse.

The Union has no say in who receives, accepts or rejects these offers.

 

[tourists24]

They can and they will.

Carol offers tourists24 $60K to leave early. She also offers thebrownblob that same $60K. If both accept there would then be two separate agreements. If both reject then it is business as usual. If tourusts24 rejects but thebrownblob, who works in another center and has less seniority, accepts, there would only be one agreement.

The Union has no say in who receives, accepts or rejects these offers.

We’ll see about that. Of course, the grievances have to be filed and fought before we can even find out

 

[IVE GOTTA PACKAGE 4U]

Put your max 401 k contributions to 35% and make up 35% and you can pull that $$ out next year at a lower rate. You will only pay on about 30-40% based on what you have already taken out this year to hit your max

Thsts a good idea but with one month time I won't be able to max out my 401k

 

[AllTheBellsAndWhistles123]

We’ll see about that. Of course, the grievances have to be filed and fought before we can even find out

How can you grieve a topic not covered by the NMA or supplements? Don’t you have to reference a specific article in a grievance?

We have already shown that Article 6 does not apply to the buyout

 

[tourists24]

How can you grieve a topic not covered by the NMA or supplements? Don’t you have to reference a specific article in a grievance?

We have already shown that Article 6 does not apply to the buyout

But supplements have seniority languages. You can’t simply violate seniority language just because you want to issue a side contract deal outside the scope of what we do have. There’s a reason this is the first time in well over 100 years that UPS has done this