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UPS Negotiations Update: Company and Central States Reach Tentative Agreement
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<blockquote data-quote="Cezanne" data-source="post: 227935" data-attributes="member: 5104"><p>705red and Scratch,</p><p> </p><p>The 55 dollars per part time years spelled out under master language only applies to those part timers who obtain the required vested time to collect a full pension. Anybody who went full time under Central States and left the company plan do not get the same monetary credit. Scratch's part-time credit under the UPS Pension Plan is subject to a percentage of a thirty year pension at the time he left that trust. Again the formula would be 6 percent of roughly 1,000 dollars considering the time when he went into the Central States fund. Doing the math that would be 60 dollars, but wait that considerable amount is subject to a 6 percent per year deduction for every year prior to age 65. So if he wanted to retire at the standard age of 55, just reduce that 60 dollars down to about 25 dollars a month for those part time credit years.</p><p> </p><p>For some in the Central States trust I do have problems with people quoting TDU dogma without the know how or means of correcting our underfunding problems. 705red I believe that you under a joint pension plan with UPS within the Chicago local, how is it doing now? Like I have said before most of us under the Central States trust wants more than empty dogma, we want solutions and answers. I have issues with people whose future is secure just offering their pity or an attitude of "it sure sucks being you?" </p><p> </p><p>Here is one of the dangers that most of us are facing under these endangered trusts. If most of us with UPS are forced to work till age 62 a considerable ratio of us will leave due to a permament disability. The very nature of the union work, physically and long and demanding work hours is wearing our bodies down. No matter how well you do the safe work methods there will be a time when father time demands it toll. We face it every time at work, will this be the day when something happens, when it does I have seen far too many good people basically thrown into the street with the company and the union turning their backs with the common thread of nothing we can to. Just what good is a full pension if you are not healthy enought to enjoy it. That is what we are facing here folks. Whether it is planned or happen to chance and circumstances, who knows. An early retirement is a must with this contract, most of us with over thirty years just want to get out in one piece and get another job with less demands on our bodies and family. Is that so much to ask?<img src="/community/styles/default/xenforo/smilies/group1/crying.gif" class="smilie" loading="lazy" alt=":crying:" title="Crying :crying:" data-shortname=":crying:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 227935, member: 5104"] 705red and Scratch, The 55 dollars per part time years spelled out under master language only applies to those part timers who obtain the required vested time to collect a full pension. Anybody who went full time under Central States and left the company plan do not get the same monetary credit. Scratch's part-time credit under the UPS Pension Plan is subject to a percentage of a thirty year pension at the time he left that trust. Again the formula would be 6 percent of roughly 1,000 dollars considering the time when he went into the Central States fund. Doing the math that would be 60 dollars, but wait that considerable amount is subject to a 6 percent per year deduction for every year prior to age 65. So if he wanted to retire at the standard age of 55, just reduce that 60 dollars down to about 25 dollars a month for those part time credit years. For some in the Central States trust I do have problems with people quoting TDU dogma without the know how or means of correcting our underfunding problems. 705red I believe that you under a joint pension plan with UPS within the Chicago local, how is it doing now? Like I have said before most of us under the Central States trust wants more than empty dogma, we want solutions and answers. I have issues with people whose future is secure just offering their pity or an attitude of "it sure sucks being you?" Here is one of the dangers that most of us are facing under these endangered trusts. If most of us with UPS are forced to work till age 62 a considerable ratio of us will leave due to a permament disability. The very nature of the union work, physically and long and demanding work hours is wearing our bodies down. No matter how well you do the safe work methods there will be a time when father time demands it toll. We face it every time at work, will this be the day when something happens, when it does I have seen far too many good people basically thrown into the street with the company and the union turning their backs with the common thread of nothing we can to. Just what good is a full pension if you are not healthy enought to enjoy it. That is what we are facing here folks. Whether it is planned or happen to chance and circumstances, who knows. An early retirement is a must with this contract, most of us with over thirty years just want to get out in one piece and get another job with less demands on our bodies and family. Is that so much to ask?:crying: [/QUOTE]
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