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Brown Cafe UPS Forum
UPS Union Issues
Pension account dollar amounts
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<blockquote data-quote="MC4YOU2" data-source="post: 1319382" data-attributes="member: 5485"><p>I agree with what you are saying here, and yes, we are in a defined benefit plan. Adding up all your covered hours over your career, and multiplying them by the prevailing hourly rate at that time, will give you the same thing I'm asking about. But what I'm more interested in, is what was actually deposited into the account, not what I think I received. I know UPS just writes one big check to each plan, not thousands for each member. But it's like dues, sick pay, vacay pay, holiday pay; they are all reported on your pay stub. Why not pension contributions? It would at the very least give each employee the ability to see if the correct rate and his combo were being credited. The alternative to that would be a contribution rate, reported alongside our contributory hours on the annual statement.</p></blockquote><p></p>
[QUOTE="MC4YOU2, post: 1319382, member: 5485"] I agree with what you are saying here, and yes, we are in a defined benefit plan. Adding up all your covered hours over your career, and multiplying them by the prevailing hourly rate at that time, will give you the same thing I'm asking about. But what I'm more interested in, is what was actually deposited into the account, not what I think I received. I know UPS just writes one big check to each plan, not thousands for each member. But it's like dues, sick pay, vacay pay, holiday pay; they are all reported on your pay stub. Why not pension contributions? It would at the very least give each employee the ability to see if the correct rate and his combo were being credited. The alternative to that would be a contribution rate, reported alongside our contributory hours on the annual statement. [/QUOTE]
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