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Brown Cafe UPS Forum
UPS Retirement Topics
Pension in Jeopardy
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<blockquote data-quote="wkmac" data-source="post: 86463" data-attributes="member: 2189"><p>I agree with the early table talks but moreso to prevent FedEx from taking advantage of the 08' deadline to scare customers. That said, I haven't seen this letter myself but assuming it true and the IBT being the party that sent the letter I wonder if we are about to see a contract extension like the 1985' contract but with another similarity. If memory serves me, back in 1985' in the CS area we got no raise as these monies were taken for health and welfare benefits and I can't remember if the next year was the same or we did get that raise. Question to the CS covered panel, are you willing to forego raises in August of 06', 07' and maybe further to shoreup the pension plan and extend the existing contract for how long? Are you willing to give up option days or a week of vacation annually so that these funds could be moved to shore up CS pension plan? Nothing is free and UPS will want something in return because if I were them I know I would. </p><p> </p><p>It was easier for UPS to pony up in the days of the private UPS but now in the public realm it will be no piece of cake. You can take that to the bank! Also if the IBT stumbles on this one look for the APWA to be in position to take full advantage as the continuing decline of current UPS employees being also union members grows less and less especially among longtime employees.</p></blockquote><p></p>
[QUOTE="wkmac, post: 86463, member: 2189"] I agree with the early table talks but moreso to prevent FedEx from taking advantage of the 08' deadline to scare customers. That said, I haven't seen this letter myself but assuming it true and the IBT being the party that sent the letter I wonder if we are about to see a contract extension like the 1985' contract but with another similarity. If memory serves me, back in 1985' in the CS area we got no raise as these monies were taken for health and welfare benefits and I can't remember if the next year was the same or we did get that raise. Question to the CS covered panel, are you willing to forego raises in August of 06', 07' and maybe further to shoreup the pension plan and extend the existing contract for how long? Are you willing to give up option days or a week of vacation annually so that these funds could be moved to shore up CS pension plan? Nothing is free and UPS will want something in return because if I were them I know I would. It was easier for UPS to pony up in the days of the private UPS but now in the public realm it will be no piece of cake. You can take that to the bank! Also if the IBT stumbles on this one look for the APWA to be in position to take full advantage as the continuing decline of current UPS employees being also union members grows less and less especially among longtime employees. [/QUOTE]
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