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UPS Union Issues
nothing set in stone
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<blockquote data-quote="PiedmontSteward" data-source="post: 1196738" data-attributes="member: 42270"><p>So what do you propose, instead? UPS has made it absolutely clear they <strong>will not be staying in the health care business at the conclusion of 2013.</strong> Every Taft-Hartley plan in the country has the same boiler plate language regarding the trustees being able to modify the plan without approval from the membership -- this language is in place in case of an economic catastrophe (multiple companies with employees covered by TeamCare going out of business, for example) that could lead to the plan becoming insolvent and everyone receiving <strong>no</strong> benefits rather than <strong>reduced</strong> benefits. </p><p></p><p>The GWI reallocation language is in the NMA for similar reasons. It's in there in case the above mentioned doomsday scenario occurs; I'd personally rather have part of my yearly raises be diverted in order to maintain my health insurance coverage instead of having nothing. Additionally, the GWI diversion cannot be used to prop up pension plans that are in "critical" status (Central States.) Finally, as this language is in the NMA, it has already been approved by the membership (granted, only by 52%) and cannot be changed.</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 1196738, member: 42270"] So what do you propose, instead? UPS has made it absolutely clear they [B]will not be staying in the health care business at the conclusion of 2013.[/B] Every Taft-Hartley plan in the country has the same boiler plate language regarding the trustees being able to modify the plan without approval from the membership -- this language is in place in case of an economic catastrophe (multiple companies with employees covered by TeamCare going out of business, for example) that could lead to the plan becoming insolvent and everyone receiving [B]no[/B] benefits rather than [B]reduced[/B] benefits. The GWI reallocation language is in the NMA for similar reasons. It's in there in case the above mentioned doomsday scenario occurs; I'd personally rather have part of my yearly raises be diverted in order to maintain my health insurance coverage instead of having nothing. Additionally, the GWI diversion cannot be used to prop up pension plans that are in "critical" status (Central States.) Finally, as this language is in the NMA, it has already been approved by the membership (granted, only by 52%) and cannot be changed. [/QUOTE]
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