If every driver works at least one day, there is no savings at least in this area.I understand that I get credit for the week but I am still trying to understand how much pension cost savings the company can realize by cutting routes on a day to day basis.
I haven't been laid off in the 16 years I have driven or the 7 years I preloaded before that. I just don't see why we pay unlimited overtime to our drivers when other businesses are trying to eliminate all overtime.
My copy of 710's contract says $297.00 a week for each full-time employee effective August 1, 2008 to the pension fund.
It doesn't say anything about hours worked.
Yes, but you still have to work at least one day during that week in order for a contribution to be made. Unless you are on vacation.
I think you better check with your union on getting your benefits if you are laid off. UPS will not contribute to your benefits if you are laid off the entire week. If you work one hour during the week, your benefits are paid for.So if a driver is laid off he still has his benefits. They still have to provide insurance and vacations to the drivers sitting at home.
How do they determine the pension contributions? Is it the highest number of full-time employees who worked any day that week or what? And even if they save 1 or 2 pension contributions I think that is about $300 a piece I make $300 a week in overtime myself.
What came first? The chicken or the egg?
And God said, "Let the earth bring forth every kind of animal--livestock,small animals, and wildlife".God made all sorts of wild animals,livestock,and small animals,each able to reproduce more of its own kind.And God saw it was good.
genesis 1:24
I think that means the chicken came first.
re raise - the reason ups forces overtime is because they pay a full rate drver $28.00 plus 5.00 into the pension and 5.00 in hlth ins to the union