Pension Changes

Discussion in 'UPS Union Issues' started by brownguy46, Feb 10, 2015.

  1. brownguy46

    brownguy46 New Member

    Hi there,

    Has anyone heard anything about pension changes that UPS might be rolling out around in October? I'm in the Northeast with 28 years.
  2. BrownTexas

    BrownTexas Well-Known Member

    What could they change since the contract is good til 2018?
  3. upschuck

    upschuck Well-Known Member

    Don't think UPS can make any changes. They have been negotiated at a certain amount. Union got a new law that they can cut if in dire shape.
  4. box_beeyotch

    box_beeyotch Well-Known Member

    They only think their in bad shape because the stock is down and because they spent the extra money to make peak go smoothly this season. I feel like were well paid inmates sometimes.
  5. Re-Raise

    Re-Raise Well-Known Member

    UPS pays into our pension. That amount is in the contract.

    How much you receive from the Teamsters when you retire has nothing to do with UPS.
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  6. fres431

    fres431 Active Member

    I heard that the pensions contribution is still getting worked out tis one of the reasons the new contract book hasn't been printed
  7. BrownTexas

    BrownTexas Well-Known Member

    I got mine. So no. Not being worked out.
  8. rod

    rod retired and happy

    Don't think for one minute that UPS can't make changes if "needed. Their idea of needed and the Unions would differ but guess who 99 time out of a hundred wins in a situation like that. Think of how many times you have heard of others that have had their pay and benefits cut because their companies have screamed "Oh woe is me" only to hear later on that their CEO's and upper echelon received million dollar bonuses. Never trust "the man".
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  9. Monkey Butt

    Monkey Butt Dark Prince of Double Standards Staff Member

    I've found not trusting "any Man" serves me better.
  10. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    I don't trust any man or woman.

    Except my wife. Right honey?
  11. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    Have you looked at the make up of the Board of Directors on your Pension Plan? UPS might have someone there with some influence with the rest of the Board.
  12. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    The contract would have never been put out to vote with pending language.
  13. Wally

    Wally Hailing from Parts Unknown.

    Please enlighten us with said "changes". Thank you.
  14. oldngray

    oldngray nowhere special

    Good point. Trust "the Woman" instead. Women never lie. Do they?
  15. upschuck

    upschuck Well-Known Member

    By law, UPS cannot change a union run pension, except the contributions, and those are agreed upon in the vote to accept the contract.

    Wait, I thought UPS was trustworthy, because everyone wanted to strike to stay in the UPS HC plan, and that they could not change the agreed upon levels.
  16. BigUnionGuy

    BigUnionGuy Got the T-Shirt

    Not without "collectively bargaining" with the Union.

    To do it now.... would take some sort of cataclysmic financial disaster.

  17. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    He said he was from the north east. Any pension funds in the north east in the danger zone?
  18. BigUnionGuy

    BigUnionGuy Got the T-Shirt

    Except for yours, I think most are on the bubble.

    My comment was more "broad based" about contract language, in general.

  19. brownguy46

    brownguy46 New Member

    This is what was told to me by my union rep who heard it from a feeder driver. I know right?

    I should watch out in mid October as UPS was talking about raising the retirement age from the 57.5, which I thought was a Union issue.

    Just wondered if you had heard anything?
  20. brownguy46

    brownguy46 New Member

    Amended to union rep said I might better not waiting until I hit the 30 year mark.