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Brown Cafe UPS Forum
UPS Union Issues
Pension changes?
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<blockquote data-quote="DELACROIX" data-source="post: 5788370" data-attributes="member: 49065"><p>The <strong>"Writing is on the Wall"....</strong>Come <strong>2028....</strong>UPS will he targeting every Union Pension Plan <span style="color: #b8312f"><strong>Period</strong></span>, again see what they did with their own management. Expect no more monetary increases with the West or another Monetary Contribution Plan they are involved in, they will freeze everyone's pension benefits for everybody under the <strong>Central </strong>and will create a 401K for it's Union members similar to the Management one. I suspect the deal has already been done, just study the language under Article 34 (Master).</p><p></p><p>The Central was screwed with this Contract and previously, it members will still be stuck with having an inferior pension benefit no matter how many years they are vested compared for those under the West Conference. The West will do very well and will stay in their current Contribution rates, the Markets currently will provide a massive increase in their final pension benefits even without any further pension monetary contribution increases.</p><p></p><p>Said this in the past, but again every rank and file member under the Company's controlled defined pension plan like the Central were again ignored even with this last contract, particularly the Senior Part Timers close to retirement. We call ourselves a Union, yet we will have a great divide in pension benefits depending on what conference you are under or who is in charge. Nothing has changed....</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5788370, member: 49065"] The [B]"Writing is on the Wall"....[/B]Come [B]2028....[/B]UPS will he targeting every Union Pension Plan [COLOR=#b8312f][B]Period[/B][/COLOR], again see what they did with their own management. Expect no more monetary increases with the West or another Monetary Contribution Plan they are involved in, they will freeze everyone's pension benefits for everybody under the [B]Central [/B]and will create a 401K for it's Union members similar to the Management one. I suspect the deal has already been done, just study the language under Article 34 (Master). The Central was screwed with this Contract and previously, it members will still be stuck with having an inferior pension benefit no matter how many years they are vested compared for those under the West Conference. The West will do very well and will stay in their current Contribution rates, the Markets currently will provide a massive increase in their final pension benefits even without any further pension monetary contribution increases. Said this in the past, but again every rank and file member under the Company's controlled defined pension plan like the Central were again ignored even with this last contract, particularly the Senior Part Timers close to retirement. We call ourselves a Union, yet we will have a great divide in pension benefits depending on what conference you are under or who is in charge. Nothing has changed.... [/QUOTE]
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