UPS LATEST PROPOSAL

[DELACROIX]

Could be. Don't know. Just doesn't seem like a legit company proposal.

Saw this (Union) proposal last year at the beginning of our negotiations at the hall..word for word, have the pamphlet somewhere.

Still a long road ahead…and time is running out.

Just study the first leaked Company proposal, they were only going to increase the IBT/UPS pension by 150 dollars a month now compare it to this proposal’s pension formulas…

If you believe this one is settled.

At least they are talking, a handshake agreement by the 5th of July?

 

[Red Headed Stranger]

If it were true (which I doubt), then under Article 34 Section (1) has completely disappeared. What, no part-time pension anymore? No dollar amounts are mentioned for each year of credited service? In the prior contract, after 2008, a part-timer received $60.00 for each year of credited service. No mention of this in the current "proposed" contract.

 

[Sacrificial Lamb]

Saw this (Union) proposal last year at the beginning of our negotiations at the hall..word for word, have the pamphlet somewhere.

Still a long road ahead…and time is running out.

Just study the first leaked Company proposal, they were only going to increase the IBT/UPS pension by 150 dollars a month now compare it to this proposal’s pension formulas…

If you believe this one is settled.

At least they are talking, a handshake agreement by the 5th of July?

They stated they’re going to work the entire weekend. , I can’t stand this teasing anymore, lol.

 

[DELACROIX]

If it were true (which I doubt), then under Article 34 Section (1) has completely disappeared. What, no part-time pension anymore? No dollar amounts are mentioned for each year of credited service? In the prior contract, after 2008, a part-timer received $60.00 for each year of credited service. No mention of this in the current "proposed" contract.

Saw that also…left out for some reason..?

Just speculating..maybe they will convert the part timers’ pensions into a 401k match (3 %) similar to what they did with their management.

The Union proposal does indicate increasing credit hours for all part time service effective 1 August 2002. I brought this up in the past , they could transfer assets from the UPS Pension Plan for part timers and put it into the IBT/UPS Pension Plan. This could be a positive, especially for the full timers that have past part time service, which currently pays next to nothing.

Also reducing the pension eligibility from age 21 to 18 would be a plus.

 

[badpal]

We all waiting for Upstates interpretation of the current proposal.

 

[Trucker Clock]

so literally post #2…

Yes.

Put out by TDU in April I believe.

 

[DELACROIX]

We all waiting for Upstates interpretation of the current proposal.

Probably went back to Reddit..where he can pretend to be an expert.

 

[Red Headed Stranger]

Saw that also…left out for some reason..?

Just speculating..maybe they will convert the part timers’ pensions into a 401k match (3 %) similar to what they did with their management.

The Union proposal does indicate increasing credit hours for all part time service effective 1 August 2002. I brought this up in the past , they could transfer assets from the UPS Pension Plan for part timers and put it into the IBT/UPS Pension Plan. This could be a positive, especially for the full timers that have past part time service, which currently pays next to nothing.

Also reducing the pension eligibility from age 21 to 18 would be a plus.

The 3% 401k match would NOT be a good thing for part-timers that won't make the 25, 30, 35 year mark. Example: Part-timer with 10 years that retires under old plan at age 65 would receive $600 per month for the rest of their life ($7,200/year). Under a 401k plan, if they make $20,000 per year and only put in 3% themselves in order to receive the 3% company match, they would end up with $1,200 per YEAR +/- any growth or reduction, depending on the stock market. I'll take the guaranteed pension amount any day!

 

[IVE GOTTA PACKAGE 4U]

The 3% 401k match would NOT be a good thing for part-timers that won't make the 25, 30, 35 year mark. Example: Part-timer with 10 years that retires under old plan at age 65 would receive $600 per month for the rest of their life ($7,200/year). Under a 401k plan, if they make $20,000 per year and only put in 3% themselves in order to receive the 3% company match, they would end up with $1,200 per YEAR +/- any growth or reduction, depending on the stock market. I'll take the guaranteed pension amount any day!

How many part timers only work here a couple of years and get absolutely nothing from the pension contributions
At least with a 401k match they would have a little something

 

[Kirk79]

The 14 Hour Friday club I’ve been a member for a while

I once worked till 12:30am Saturday because they changed my start time to 10:30 in order to “control my hours” lol jokes on you idiots!

@MECH-II

The worst part is that we have over a dozen full time drivers laid off and have been since January

 

[Kirk79]

They stated they’re going to work the entire weekend. , I can’t stand this teasing anymore, lol.

Gotta watch O’Briens press conference today at noon eastern time. I feel like he’s gonna say something big!!!

 

[Brownsocks]

The worst part is that we have over a dozen full time drivers laid off and have been since January

Same here. Everyday is a cut day now.

 

[IVE GOTTA PACKAGE 4U]

Teamsters Overwhelmingly Ratify New National Contract at ABF Freight

Teamsters have overwhelmingly ratified a new national contract at ABF Freight, as well as 25 of 27 supplemental agreements.

teamster.org

 

[Kirk79]

Teamsters Overwhelmingly Ratify New National Contract at ABF Freight

Teamsters have overwhelmingly ratified a new national contract at ABF Freight, as well as 25 of 27 supplemental agreements.

teamster.org

Yep. Saw this a couple weeks back. I’m not completely impressed with the $6.50 in raised in the life of the contract. That doesn’t keep up with the inflation going on these days.

 

[Red Headed Stranger]

How many part timers only work here a couple of years and get absolutely nothing from the pension contributions
At least with a 401k match they would have a little something

Very true. But most wouldn't even put in 3% to get the match. Most of the part timers I work with said because they don't make much, they put absolutely nothing into the 401k now. Maybe if they get a substantial raise, that might change. I do a considerable amount into the 401k already but personally, I'd rather have the pension.

 

[IVE GOTTA PACKAGE 4U]

Yep. Saw this a couple weeks back. I’m not completely impressed with the $6.50 in raised in the life of the contract. That doesn’t keep up with the inflation going on these days.

That's the most double what they got the last contract.

 

[IVE GOTTA PACKAGE 4U]

Very true. But most wouldn't even put in 3% to get the match. Most of the part timers I work with said because they don't make much, they put absolutely nothing into the 401k now. Maybe if they get a substantial raise, that might change. I do a considerable amount into the 401k already but personally, I'd rather have the pension.

I like to see a combination of both.
Pension is nice trust me I'm getting close but it's not going to give me enough money to live a lifestyle that I want to. So thankfully I have money invested in the 401K anymore if IRA because you not get raises in your pension

 

[BigUnionGuy]

Revised UPS contract offer makes 'significant' movement on pay, Teamsters say

United Parcel Service delivered a revised contract offer with "significant movement on wages and other economic language," the union representing roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm said on Friday.

www.reuters.com

 

[TheBrownNote]

Thats a no vote for me. We will be responsible for any package over $300 if it goes missing? Forget that horse crap.
If thats not removed, then its absokutly back door for all deliveries for all stops, period. Out of site

 

[TheBrownNote]

However, im all about that 8hr list....