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Brown Cafe UPS Forum
The Latest UPS Headlines
Tensions at UPS are brewing between leadership and unionized drivers as the new CEO doubles down on drivers who make deliveries in their own cars
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<blockquote data-quote="DELACROIX" data-source="post: 4888319" data-attributes="member: 49065"><p>The 8 billion quoted was the sum of the 6 billion withdrawal penalty and roughly 2 billion to start up and fund the new IBT/UPS pension plan. </p><p></p><p>I did not remember a withdraw charge of 2 billion on the SPD proposal back in “97”. . it has been 24 years ago...have to dig through my old papers </p><p>out of curiosity. </p><p></p><p>You did admit that eventually UPS would try to eliminate further funding for it’s collective bargaining employees similar to what they will be doing with management in 2023. Their final goal was to save rising pension costs by offering a matched 401k to supplement the offset or loss of </p><p>Monetary Benefits.</p><p></p><p>I expect that this coming contract will be mostly about pensions.. that UPS Pension Plan for the part timers will be targeted, just not a lot of part timers staying over 5 years to justify it’s existence, most of them would jump on a healthy </p><p>matched 401k. Those part timers primarily in the Western Conferences will not be effected, most would probably end up getting a retirement benefit similar to the full timers under the IBT/UPS plan.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4888319, member: 49065"] The 8 billion quoted was the sum of the 6 billion withdrawal penalty and roughly 2 billion to start up and fund the new IBT/UPS pension plan. I did not remember a withdraw charge of 2 billion on the SPD proposal back in “97”. . it has been 24 years ago...have to dig through my old papers out of curiosity. You did admit that eventually UPS would try to eliminate further funding for it’s collective bargaining employees similar to what they will be doing with management in 2023. Their final goal was to save rising pension costs by offering a matched 401k to supplement the offset or loss of Monetary Benefits. I expect that this coming contract will be mostly about pensions.. that UPS Pension Plan for the part timers will be targeted, just not a lot of part timers staying over 5 years to justify it’s existence, most of them would jump on a healthy matched 401k. Those part timers primarily in the Western Conferences will not be effected, most would probably end up getting a retirement benefit similar to the full timers under the IBT/UPS plan. [/QUOTE]
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Brown Cafe UPS Forum
The Latest UPS Headlines
Tensions at UPS are brewing between leadership and unionized drivers as the new CEO doubles down on drivers who make deliveries in their own cars
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