Buckle that chinstrap…it’s go time!
Hey all. This current contract says that ups cant change or challenge the current pension rules for 10 years. Do you all know what Im talking about? Now, with some parts of the country receiving very good pensions, ie western conference, mechanics, midwest, etc, and other plans not as good, do you think in 10 years ups will try to equal out what everyone gets by rolling all these funds into one? Also, drivers who still have 20 or so years with the company will be collecting more than drivers who are retired or soon to retire in 5 or less years because the pension contributions of the last 3 or 4 contract have been much higher than drivers who started in the 70-80's. Even though cost of living will be higher in 20 years thus us making more money, I bont believe ups will consider this and would like everyone to continue year after year to get the same as the central states 3000 dollars??? Is this number right. Whats a 3000 pension going to be worth in 20 years....jack. So lets lower western conference pension and pump that into central states to raise their allowance. Can this be done, are there any pension laws that discourage this. Also, there was talk about subtracting social security from the pension payment, this was shot down for now, but could reappear in future contracts...is this legal to do also. Any comments or anyone who is more aware of pension laws please chime in!