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UPS Retirement Topics
Part time employee pension
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<blockquote data-quote="DELACROIX" data-source="post: 5587211" data-attributes="member: 49065"><p>I do not see any current emphasis with our negotiation committees to improve the part timer's pension formulas under the Central or Southern. We probably will see the usual 400 bump in the IBT/UPS Pension Plan for the full timers, but all those years prior that they worked part time under the UPS Pension Plan is nothing but pocket change.</p><p></p><p>Any improvements under the IBT/UPS Pension Plan will barely cover the current cost of living increases..There is no reason that a COLA can not be negotiated into <strong>Everyones</strong>' Pension benefits, including the current retirees.</p><p></p><p>Another issue is our health and welfare coverages when you do retire...It is possible that those can be improved at least to the standards that the active members have. </p><p></p><p>These are hardcore issues with our pensions have been hanging around for decades. The disparity between our retirement benefits and also our health and welfare will continue to divide us into the haves and have nots. If the International continues to look the other way on this issue it will eventually hurt us all.</p><p></p><p>As far as the part timers under the Central Supplement they should at least be given credit years past 35, there should never be a cap.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5587211, member: 49065"] I do not see any current emphasis with our negotiation committees to improve the part timer's pension formulas under the Central or Southern. We probably will see the usual 400 bump in the IBT/UPS Pension Plan for the full timers, but all those years prior that they worked part time under the UPS Pension Plan is nothing but pocket change. Any improvements under the IBT/UPS Pension Plan will barely cover the current cost of living increases..There is no reason that a COLA can not be negotiated into [B]Everyones[/B]' Pension benefits, including the current retirees. Another issue is our health and welfare coverages when you do retire...It is possible that those can be improved at least to the standards that the active members have. These are hardcore issues with our pensions have been hanging around for decades. The disparity between our retirement benefits and also our health and welfare will continue to divide us into the haves and have nots. If the International continues to look the other way on this issue it will eventually hurt us all. As far as the part timers under the Central Supplement they should at least be given credit years past 35, there should never be a cap. [/QUOTE]
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