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Brown Cafe UPS Forum
UPS Retirement Topics
question on possible pension changes 10 years down the road....
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<blockquote data-quote="Local639" data-source="post: 301353"><p>In the DC area we just received a letter from the union. They are cutting the pension by 30%, and require a punch 50 weeks a year to receive the maximum contribution for that year. Vacations and weeks with no punches do not count towards the 50 weeks, so no senior driver will be receiving the maximum contribution from this point on. </p><p> Some of the reasons given for the lowering of the pension is too many UPSers taking the early outs, and the increased contributions increased their liability. There is a meeting next Saturday, I think we have a few questions to ask our officers at 639. People who retired last year will be getting higher pensions then if they had worked a few extra years :/</p></blockquote><p></p>
[QUOTE="Local639, post: 301353"] In the DC area we just received a letter from the union. They are cutting the pension by 30%, and require a punch 50 weeks a year to receive the maximum contribution for that year. Vacations and weeks with no punches do not count towards the 50 weeks, so no senior driver will be receiving the maximum contribution from this point on. Some of the reasons given for the lowering of the pension is too many UPSers taking the early outs, and the increased contributions increased their liability. There is a meeting next Saturday, I think we have a few questions to ask our officers at 639. People who retired last year will be getting higher pensions then if they had worked a few extra years :/ [/QUOTE]
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question on possible pension changes 10 years down the road....
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