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UPS Future Contract Raises
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<blockquote data-quote="DELACROIX" data-source="post: 5260028" data-attributes="member: 49065"><p>We have COLA language in our Contract, we will find out how much soon.</p><p></p><p>The Company will be looking at three cost factors in 2023:</p><p></p><p>A. GWI...generally close to a dollar an hour over a five year contract.</p><p></p><p>B. Health and Welfare costs...about 2,000 a month for a full timer, part timers slightly lower.</p><p>It usually goes up .50 an hour annually.</p><p></p><p>C. (Pensions)....They run about 500 a week for those full timers under a monetary benefit pension plan. It increases the same as the H/W contributions .50 an hour annually.</p><p></p><p>All that adds up to roughly 2.00 cost increases for most of our membership. The only cost saving measure I see that the Company will be going after in the 2023 contract talks will be the pension. Probably will go the route similar to what they did with their management plans, 401k match ... I am guessing that they will be trying to eliminate the part timers pension plan for those under the Central and Southern.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5260028, member: 49065"] We have COLA language in our Contract, we will find out how much soon. The Company will be looking at three cost factors in 2023: A. GWI...generally close to a dollar an hour over a five year contract. B. Health and Welfare costs...about 2,000 a month for a full timer, part timers slightly lower. It usually goes up .50 an hour annually. C. (Pensions)....They run about 500 a week for those full timers under a monetary benefit pension plan. It increases the same as the H/W contributions .50 an hour annually. All that adds up to roughly 2.00 cost increases for most of our membership. The only cost saving measure I see that the Company will be going after in the 2023 contract talks will be the pension. Probably will go the route similar to what they did with their management plans, 401k match ... I am guessing that they will be trying to eliminate the part timers pension plan for those under the Central and Southern. [/QUOTE]
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