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Brown Cafe UPS Forum
UPS Union Issues
question about pension contribution
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<blockquote data-quote="MyTripisCut" data-source="post: 5885927" data-attributes="member: 34797"><p>From the greatest supplement in the land- Metro Philadelphia</p><p></p><p></p><p>For the duration of this agreement, the employer shall continue to contribute to the pension fund in the amount equal to the contribu- tion rate as of July 31, 2023 ($16.385). See Article 34 of the Na- tional Master Agreement.</p><p></p><p>Which comes out to</p><p>$655.40 per week,</p><p>$34,080.80 per year, with around 760 FTmers comes out to….</p><p>Almost 26 MILLION DOLLARS! Per year,</p><p>Which allowed our fund to not have to accept any of Biden’s bailout,</p><p>which allowed our fund to start increasing our multiplier,</p><p>which ultimately enables higher payouts moving forward for years of service.</p></blockquote><p></p>
[QUOTE="MyTripisCut, post: 5885927, member: 34797"] From the greatest supplement in the land- Metro Philadelphia For the duration of this agreement, the employer shall continue to contribute to the pension fund in the amount equal to the contribu- tion rate as of July 31, 2023 ($16.385). See Article 34 of the Na- tional Master Agreement. Which comes out to $655.40 per week, $34,080.80 per year, with around 760 FTmers comes out to…. Almost 26 MILLION DOLLARS! Per year, Which allowed our fund to not have to accept any of Biden’s bailout, which allowed our fund to start increasing our multiplier, which ultimately enables higher payouts moving forward for years of service. [/QUOTE]
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