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<blockquote data-quote="JonFrum" data-source="post: 262453"><p>If you received a ballot, the Central States "solution" most definately does affect you. You'll be paying for it!!! $6.1 billion is a huge amount of money to take from the rest of the bargaining unit and "give" to the Central Staters, and just the full-timers at that. In addition, there is the billions that will be put in the new fully-funded pension plan for full-time Central Staters. Someone's got to pay for all this. Ideally it should be the stockholders of UPS, or Central Staters themselves, but the nationwide Contract consessions seems to say it's the whole bargaining unit, especially part-timers, that will pay. It's particularly shocking for someone like myself in the New England Pension Plan. Our plan is in as bad a shape as Central States, (though without the excessive number of current retirees drawing benefits,) and we had our benefits cut just like almost everyone else across the country. When the dust settles, I predict a nationwide backlash will grow against this deal. Our cuts have not been restored. We are even paying to restore 20-and-out for Central Staters when we don't even have that for ourselves!</p><p> - - - - -</p><p>At our recent Contract explanation meeting, my Local's President spoke of an additional $8 billion UPS has "in reserve," above and beyond the $6.1 billion. Does anyone know what this sum refers to? Could it be the potential cost of fully-funding the new plan for Central Staters? Please post if you've heard anything. Thanks.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 262453"] If you received a ballot, the Central States "solution" most definately does affect you. You'll be paying for it!!! $6.1 billion is a huge amount of money to take from the rest of the bargaining unit and "give" to the Central Staters, and just the full-timers at that. In addition, there is the billions that will be put in the new fully-funded pension plan for full-time Central Staters. Someone's got to pay for all this. Ideally it should be the stockholders of UPS, or Central Staters themselves, but the nationwide Contract consessions seems to say it's the whole bargaining unit, especially part-timers, that will pay. It's particularly shocking for someone like myself in the New England Pension Plan. Our plan is in as bad a shape as Central States, (though without the excessive number of current retirees drawing benefits,) and we had our benefits cut just like almost everyone else across the country. When the dust settles, I predict a nationwide backlash will grow against this deal. Our cuts have not been restored. We are even paying to restore 20-and-out for Central Staters when we don't even have that for ourselves! - - - - - At our recent Contract explanation meeting, my Local's President spoke of an additional $8 billion UPS has "in reserve," above and beyond the $6.1 billion. Does anyone know what this sum refers to? Could it be the potential cost of fully-funding the new plan for Central Staters? Please post if you've heard anything. Thanks. [/QUOTE]
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