Yes I know that.
They are not going to give you one single penny early.
Si why are you back commenting on thing that you know absolutely nothing about?
Hmm...
Maybe take your own advice and buzz off.
Teamster Buyout?
- Thread starter nWo
- Start date
They are not going to give you one single penny early.
Si why are you back commenting on thing that you know absolutely nothing about?
Hmm...
Maybe take your own advice and buzz off.
Dont entice the troll.
AllTheBellsAndWhistles123
Well-Known Member
Early? Do you really think that they would ask an employee to voluntarily resign BEFORE paying their severance?
tourists24
Well-Known Member
For whatever reason he just wants to see a company "win"........ there's no real concern for what may be the best thing for the drivers to be/not be involved. Of course, there have always been these types of people. Seen em hundreds of times in real life. We all know em
We would sign a contract with a guaranteed pay out date.
Now please enlighten the rest of us with your personal inside knowledge
UnionStrong
Sorry, but I don’t care anymore.
Scabs
AllTheBellsAndWhistles123
Well-Known Member
Yes, you would sign a contract that would specify how much you would get paid and an approximate, not guaranteed, date of payment.
Once you sign their paperwork and cash their check there is no turning back.
And if they pay you money, and then you don't retire, under what contract clause would they terminate your employment?
AllTheBellsAndWhistles123
Well-Known Member
You’re damn right I want a win as our pensions depend upon the success of the Company.
These are grown men and women capable of making their own decisions. I do hope that they sit down with their financial advisers before making said decision.
AllTheBellsAndWhistles123
Well-Known Member
Wut?? Your employment would effectively end on an agreed upon date THAT HAS NOTHING TO DO WITH YOUR RETIREMENT!!!
The vast majority of retirement eligible employees who (wisely) choose to accept the buyout will put in their papers the same day that they receive, review and accept the buyout offer. Care must be taken to select a retirement date that is after their voluntary separation date. The buyout will give them a cushion until their first pension checks are direct deposited.
Those with unique situations, such as having the YOS but not the age, have a lot to think about before accepting the buyout. Personally, I would take the buyout, freeze my pension, cut grass for a year or so and then unfreeze my pension.
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What about if it's direct deposit?
AllTheBellsAndWhistles123
Well-Known Member
It most certainly will be DD——“cash their check” is just a saying.
Are you sure?
Paud time off owed to to you after you retired is a live check
UnionStrong
Sorry, but I don’t care anymore.
tourists24
Well-Known Member
You want a score for the company. You speak as if this is the only way UPS will succeed. We're gonna find out soon if it's even legal and allowed by contract law if UPS continues the path rumored. You come on here trolling people trying to act like this is a sweet deal and we don't even know what the deal is. If you trusted grown men and women to decide for themselves, you wouldn't have magically appeared now screaming the sky will fall if a buyout doesn't occur. And if you don't accept it, we're coming after you
UnionStrong
Sorry, but I don’t care anymore.
He’s full of sht.
You're aware that we have a contractually agreed upon letter of resignation, correct?
So when they present an individually bargained "contract" stating that they will terminate your employment at a future date, the union will not need to recognize that letter.
So when you show up to work after that date, what contract clause will they tell your steward you violated that gives them this right?
Your system makes absolutely no sense. They're not paying anyone before they've left.
Just going by what the last few retirees told me when they got their pay off.
Oh Shoot
Middle fingers up
oldngray
nowhere special
Resigned is not the same as retired
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