Try and make someone covered under the CS pension plan agree with you.Just remember no matter what UPS or the Teamsters tell you...
A $9-an-hour increase in wage and benefits over the life of the contract would be less, on a percentage basis, than the 2002 contract. (And the was suppose to be the Best Contract Ever)
the breakdown down on the raise is this from what i have been told
1st yr .70 , 2nd .75 , 3rd .75 , 4th .85 , 5th .95 they will put a 1.00 every year into the pension and health ,,and the raise every year will be split in half .35 for the first six mon. and .35 for the next six mon. every year of the contract the raise will be split , seems to me some one is making a lot of money on the raise. I think if you get .70 raise you should get it all , brian
$6.1 billion is a huge number! But, that's only what they are paying to 'buy out' of CS. They also will pay to fund a new pension fund....unless I read wrong.
Just in aiming high and getting the big picture.....I think it's smooth sailing for UPS in the future for dealing with the competition...... with a minor bump if they get a lowering of their AAA credit rating, but that'll be a temporary thing.
I am not sure that a lot of people understand that all retired folks/shareholders have a vested interest in everything that happens. I still think (even though it may affect me in the pocket book) that bailing out the Central States is the right thing to do. I just hope that the voting members realize this.
Central states isnt the only area affected by a underfunded pension. Should the other areas that recieved pension cuts (say like one of the largest UPS teamster locals #804 agree to this even though ours isnt restored?) have any effect for the voting members that you talk about?
Ups lifer- Sometimes you have to look at the big picture (ups famous phrase)
UPS and the Teamsters are going to make this look like the best thing since sliced bread even though it isnt the best for ALL UPS employees. While UPS looks like a hero to some, it might not be exactly what it seems.
Is your local larger than the amount of Upsers in CS?Central states isnt the only area affected by a underfunded pension. Should the other areas that recieved pension cuts (say like one of the largest UPS teamster locals #804 agree to this even though ours isnt restored?) have any effect for the voting members that you talk about?
Ups lifer- Sometimes you have to look at the big picture (ups famous phrase)
UPS and the Teamsters are going to make this look like the best thing since sliced bread even though it isnt the best for ALL UPS employees. While UPS looks like a hero to some, it might not be exactly what it seems.
Is your local larger than the amount of Upsers in CS?
It addresses a real problem for huge number of Upsers.
At least one problem can be solved for Upsers that are in an underfunded pension program.
If it does not pass, the teamsters are sealing the fate of 43,000 Upsers in CS.
After Jan. 1st, the govt. will step in and no one should want to see that happen.
PAX
As the largest fund in the worst shape, pulling the UPS employees out of that fund accomplishes 2 things - it helps the employees and saves the company money. Contrary to what most people who post on this forum think, it's actually a good thing when UPS is saving/making money. ( Not necessarily the people in this particular thread, but the forum as a whole. )
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I am already on a pension and to see the company bail out the Central States means they actually care about their employees once they have retired! Peace of mind that your check is going to keep on comin is so important when you are no longer working!
I agree. And all Teamster diehards, remember this: the IBT owes you NOTHING as far as representation after retirement. -Rocky