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Brown Cafe UPS Forum
UPS Union Issues
The million dollar question…
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<blockquote data-quote="DELACROIX" data-source="post: 5664793" data-attributes="member: 49065"><p>It would if it wasn’t the uncertainty of long term inflationary rates. Those middle GWIs are nothing to crow about, we will lose ground if the inflation rates stay at 6 or 8 percent.</p><p></p><p>It looks like the Company will save some money on some future pension contributions, they do have to pay a little more on our health and welfare contributions, a (20 dollars a week) increase annually for the next 5 years. Should expect some improvements with our Team Care coverages.</p><p></p><p>The West will still be getting over 500 dollars a week from UPS even if they do not get any further pension hourly pension contributions. </p><p></p><p>There are certain issues about our membership under the Central and Southern pension plans that were not improved. Particularly with those under the UPS Pension Plan for part timers, upped it a whopping 175 dollars a month for the life of the Contract, still capped at 35 years, no adjustment on vesting rights for those under the age of 21. The 6 percent penalty is still in effect for both the UPS Pension Plan and the IBT/UPS Pension plans.</p><p></p><p>Still confused about the wording on the IBT/UPS Pension Plan’s increases, but they did improve it.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5664793, member: 49065"] It would if it wasn’t the uncertainty of long term inflationary rates. Those middle GWIs are nothing to crow about, we will lose ground if the inflation rates stay at 6 or 8 percent. It looks like the Company will save some money on some future pension contributions, they do have to pay a little more on our health and welfare contributions, a (20 dollars a week) increase annually for the next 5 years. Should expect some improvements with our Team Care coverages. The West will still be getting over 500 dollars a week from UPS even if they do not get any further pension hourly pension contributions. There are certain issues about our membership under the Central and Southern pension plans that were not improved. Particularly with those under the UPS Pension Plan for part timers, upped it a whopping 175 dollars a month for the life of the Contract, still capped at 35 years, no adjustment on vesting rights for those under the age of 21. The 6 percent penalty is still in effect for both the UPS Pension Plan and the IBT/UPS Pension plans. Still confused about the wording on the IBT/UPS Pension Plan’s increases, but they did improve it. [/QUOTE]
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The million dollar question…
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