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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Protection Act
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<blockquote data-quote="ups79" data-source="post: 54382"><p>sawman:I have mentioned this before, but I will try to get you to understand this again. Not all contracts are negotitated between the international and UPS. Some are settled between the local and UPS. Such is ours. Knowing that, it might be that over several contracts, these locals have settled for UPS to put more moneys in the pension plans and less monies in yearly wages during the lenghts of the contracts. The drivers merely settled for less money upfront inorder to have more at retirement.</p></blockquote><p></p>
[QUOTE="ups79, post: 54382"] sawman:I have mentioned this before, but I will try to get you to understand this again. Not all contracts are negotitated between the international and UPS. Some are settled between the local and UPS. Such is ours. Knowing that, it might be that over several contracts, these locals have settled for UPS to put more moneys in the pension plans and less monies in yearly wages during the lenghts of the contracts. The drivers merely settled for less money upfront inorder to have more at retirement. [/QUOTE]
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