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Brown Cafe UPS Forum
UPS Union Issues
Unified pensions
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<blockquote data-quote="BigUnionGuy" data-source="post: 3337261" data-attributes="member: 4992"><p>Not quite. The Teamsters don't "pocket" anything.</p><p></p><p></p><p>The company makes negotiated contributions directly to the plans and funds</p><p></p><p>themselves. If an employee is not vested and leaves the company, the money</p><p></p><p>stays with the pension fund.... not the Teamsters per se. The same would be</p><p></p><p>true of monies paid into Health and Welfare plans. Just because an employee</p><p></p><p>doesn't use his benefits, doesn't mean the Teamsters would pocket the excess.</p><p></p><p></p><p></p><p>-Bug-</p></blockquote><p></p>
[QUOTE="BigUnionGuy, post: 3337261, member: 4992"] Not quite. The Teamsters don't "pocket" anything. The company makes negotiated contributions directly to the plans and funds themselves. If an employee is not vested and leaves the company, the money stays with the pension fund.... not the Teamsters per se. The same would be true of monies paid into Health and Welfare plans. Just because an employee doesn't use his benefits, doesn't mean the Teamsters would pocket the excess. -Bug- [/QUOTE]
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