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<blockquote data-quote="DELACROIX" data-source="post: 5624479" data-attributes="member: 49065">UPS ‘s employee monetary contributions are divided three ways under our Contract.a.&nbsp;&nbsp; GWI (general wage increases).&nbsp; Over the last two contracts roughly (about a dollar an hour).b.&nbsp; &nbsp; Health and Welfare …increases of around&nbsp; .60 per hourc.&nbsp; &nbsp;&nbsp; Pension ….increases about as same as the H/W.The pension and Health and Welfare contributions are based off a 40 hour workweek for full timers and a 20 hour one for our part timers.Some mentioned further contributions being negotiated to relieve the excessive O/T issue.Great idea but for one thing but the&nbsp; Company will never agree to it.&nbsp; If O’Brien can negotiate that into the Contract he would be set for life.Another problem is that half our membership are under a (defined pension plan) those plans are not required to pay a weekly monetary contribution, they only have to pay at the end of the year an annual contribution to just cover their pension obligations.&nbsp; That is why other plans are paying twice as much for the same amount of service and age.Health and Welfare increases sometimes have a (TBA) notation.&nbsp; For example (TEAM CARE) is currently very healthy and can afford our good coverages.&nbsp; Every year their trustees have to market for the best plans out there, so far they have been doing it based in their growth and the multiple employer’s’ contributions, not just UPS’s weekly contribution of (500) a week per Union employee.The Company will try to reduce each of those three.&nbsp; If the (GWI) is the target they might try to increase the other two.&nbsp; If that happens I expect it to be our (Pensions)… the West gets a considerable amount of those pension contributions and is sitting pretty with the contributions from their other employers.UPS already had basic control over every member’s pension plan who are under their (Defined Pension Trusts).&nbsp; For those who are under the (IBT/UPS Pension or the UPS Pension Plan) any increases will have to be negotiated they are not subject to the same formula as the Western Conferences.&nbsp; The Western increases are automatic according to their investments and weekly monetary contributions.&nbsp; </blockquote>

[QUOTE="DELACROIX, post: 5624479, member: 49065"] UPS ‘s employee monetary contributions are divided three ways under our Contract. a. [B]GWI (general wage increases). Over the last two contracts roughly (about a dollar an hour).[/B] b. [B]Health and Welfare …increases of around .60 per hour[/B] c. [B]Pension ….increases about as same as the H/W.[/B] [I]The pension and Health and Welfare contributions are based off a 40 hour workweek for full timers and a 20 hour one for our part timers.[/I] Some mentioned further contributions being negotiated to relieve the excessive O/T issue. Great idea but for one thing but the Company will never agree to it. If O’Brien can negotiate that into the Contract he would be set for life. Another problem is that half our membership are under a [B](defined pension plan) [/B][I]those plans are not required to pay a weekly monetary contribution, they only have to pay at the end of the year an annual contribution to just cover their pension obligations. That is why other plans are paying twice as much for the same amount of service and age. Health and Welfare increases sometimes have a (TBA) notation. For example (TEAM CARE) is currently very healthy and can afford our good coverages. Every year their trustees have to market for the best plans out there, so far they have been doing it based in their growth and the multiple employer’s’ contributions, not just UPS’s weekly contribution of (500) a week per Union employee. The Company will try to reduce each of those three. If the [B](GWI) [/B]is the target they might try to increase the other two. If that happens I expect it to be our [B](Pensions)… [/B]the West gets a considerable amount of those pension contributions and is sitting pretty with the contributions from their other employers. UPS already had basic control over every member’s pension plan who are under their (Defined Pension Trusts). For those who are under the (IBT/UPS Pension or the UPS Pension Plan) any increases will have to be negotiated they are not subject to the same formula as the Western Conferences. The Western increases are automatic according to their investments and weekly monetary contributions. [/I] [/QUOTE]

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