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Brown Cafe UPS Forum
UPS Union Issues
Teamster Buyout?
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<blockquote data-quote="DELACROIX" data-source="post: 6166158" data-attributes="member: 49065"><p>Definitely up to something..speculating it has to do with eliminating or reducing monetary contributions in our pension plans. Throw everyone in a matched 401k after freezing our current vested benefits, you will still get all the vested time up till the time if they freeze them.</p><p></p><p>This so-called buy out has a purpose..get rid of the old timers, eliminate those low seniority drivers with over 5 years vested for peanuts. We know one thing they ain’t doing this out if concern for their employees.</p><p> </p><p>They are just clearing the books before the hammer comes down similar to what they did with their low level management. How O’Brien tackles this will be interesting…they should have seen this coming decades ago.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 6166158, member: 49065"] Definitely up to something..speculating it has to do with eliminating or reducing monetary contributions in our pension plans. Throw everyone in a matched 401k after freezing our current vested benefits, you will still get all the vested time up till the time if they freeze them. This so-called buy out has a purpose..get rid of the old timers, eliminate those low seniority drivers with over 5 years vested for peanuts. We know one thing they ain’t doing this out if concern for their employees. They are just clearing the books before the hammer comes down similar to what they did with their low level management. How O’Brien tackles this will be interesting…they should have seen this coming decades ago. [/QUOTE]
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