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Brown Cafe UPS Forum
UPS Discussions
UPS LATEST PROPOSAL
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<blockquote data-quote="DELACROIX" data-source="post: 5630833" data-attributes="member: 49065"><p>Saw that also…left out for some reason..?</p><p></p><p>Just speculating..maybe they will convert the part timers’ pensions into a 401k match (3 %) similar to what they did with their management.</p><p></p><p>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. </p><p></p><p>Also reducing the pension eligibility from age 21 to 18 would be a plus.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5630833, member: 49065"] 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. [/QUOTE]
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