Pension Changes

[brownguy46]

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.

 

[BrownTexas]

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

 

[upschuck]

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.

 

[box_beeyotch]

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.

 

[Re-Raise]

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.

 

[fres431]

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

 

[BrownTexas]

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

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

 

[rod]

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.

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".

 

[Catatonic]

Never trust "the man".

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

 

[realbrown1]

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

I don't trust any man or woman.

Except my wife. Right honey?

 

[realbrown1]

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.

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.

 

[UpstateNYUPSer(Ret)]

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

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

 

[Wally]

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.

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

 

[oldngray]

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

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

 

[upschuck]

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".

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.

 

[BigUnionGuy]

Don't think for one minute that UPS can't make changes if "needed."

Not without "collectively bargaining" with the Union.

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



-Bug-

 

[realbrown1]

Not without "collectively bargaining" with the Union.

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



-Bug-

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

 

[BigUnionGuy]

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

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

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



-Bug-

 

[brownguy46]

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?

 

[brownguy46]

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