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Brown Cafe UPS Forum
UPS Union Issues
No negotiations until 22nd!?
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<blockquote data-quote="DELACROIX" data-source="post: 5595781" data-attributes="member: 49065"><p>So, so much to that story.. but at least they are recognizing the problem.</p><p></p><p>That 6 percent penalty for every year prior to age 65 can be eliminated or reduced to 3 percent like the management’s pension plan.</p><p></p><p>They can merge that UPS Pension Plan into the IBT/UPS Pension plan in order to provide a better benefit. Do not fall to that excuse that they can’t… it is legal and has been done before in other defined pension plans.</p><p></p><p>That 25 and out 2,000 has not improved since 2007…16 years… WHY? Subtracting the medical coverage of 400, Subtracting the Federal or State taxes that run 10 to 20 percent. Subtract the spousal reduction clause that only pays your spouse half if you kicked the bucket, that can be negotiated to pay 100 percent.</p><p></p><p>Currently with those above numbers if you had to retire with 25 years full time you would be living off 1,300 a month. It gets better if you do not reach the age of 55.. I believe that you do not qualify for retiree medical insurance , which under COBRA runs 2,000 a month for the same coverage. </p><p></p><p>It looks like the Senior Part Timers will be screwed again in their pension benefits. No real improvements, maybe a token 200 dollars more a month. All those years that we (full timers) worked as part timers will still be useless or will pay next to nothing. </p><p></p><p>Watch out for the possibility of the members under the IBT/UPS pension voting down their supplements or riders only to have it passed because of duplicate language contained in the Master..remember that the Western Conferences and other areas will be voting on the Master also.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5595781, member: 49065"] So, so much to that story.. but at least they are recognizing the problem. That 6 percent penalty for every year prior to age 65 can be eliminated or reduced to 3 percent like the management’s pension plan. They can merge that UPS Pension Plan into the IBT/UPS Pension plan in order to provide a better benefit. Do not fall to that excuse that they can’t… it is legal and has been done before in other defined pension plans. That 25 and out 2,000 has not improved since 2007…16 years… WHY? Subtracting the medical coverage of 400, Subtracting the Federal or State taxes that run 10 to 20 percent. Subtract the spousal reduction clause that only pays your spouse half if you kicked the bucket, that can be negotiated to pay 100 percent. Currently with those above numbers if you had to retire with 25 years full time you would be living off 1,300 a month. It gets better if you do not reach the age of 55.. I believe that you do not qualify for retiree medical insurance , which under COBRA runs 2,000 a month for the same coverage. It looks like the Senior Part Timers will be screwed again in their pension benefits. No real improvements, maybe a token 200 dollars more a month. All those years that we (full timers) worked as part timers will still be useless or will pay next to nothing. Watch out for the possibility of the members under the IBT/UPS pension voting down their supplements or riders only to have it passed because of duplicate language contained in the Master..remember that the Western Conferences and other areas will be voting on the Master also. [/QUOTE]
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No negotiations until 22nd!?
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