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UPS subsidizing non ups pensions
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<blockquote data-quote="JonFrum" data-source="post: 135404"><p>Ironshot's questions,</p><p>My replies . . . </p><p></p><p>". . . you still haven't come out and ID'd yourself as individual or "Propagandist" hack for your employer?" </p><p>I don't understand this question. I am an individual who is posting on my own without consulting with anyone whatsoever.</p><p></p><p>". . . the 3rd circuit is . . . most likely a liberal bench, ( not necessarily the best place to choose a ruling against organized labor?)"</p><p>It's the 1st Circuit, Boston, Ma. A very Liberal area, ( I don't know about the bench,) but this lawsuit pitted Teamsters rank-and-file reformers against Teamsters Old Guard pension fund Trustees. Both sides are "organized labor." </p><p></p><p>"The UPS employee's in this action? How many?" </p><p>2,500. I assume this number reflects only actual dues payers. Dues were $30 per year for full-timers, $10 for part-timers. The suit was a Class Action so the five named individuals presumably represented nearly all the UPS full-timers and part-timers in New England.</p><p></p><p>"The available dollars available to put into a vigious litigation battle?" </p><p>Over a quarter million dollars, which back then (1986-1993) was a lot of money. Also an actuarial study of the pension fund was conducted by the John Hancock Insurance Co. at no cost because they expected to get the pension business of the UPS people if they sucessfully got their money out of the fund. This study was the basis of the case. It would have cost maybe $40,000 to commission it for pay. Originally a cap on the legal fees was negotiated of $115,000: $35,000 for Negotiations, $40,000 for Discovery, $25,000 for Trial, and $15,000 for 1st Circuit Court of Appeals. Numerous motions and delays by the other side ran up the cost beyond that. At one point NETPIC had spent $227, 812 and was asking for further donations. </p><p></p><p>"Who or whom were the attorneys for the UPS employee's? And what was the experience level of said attorneys."</p><p>Anthony Feeherry, assisted by Marie Buckley, both of Goodwin, Proctor and Hoar, a big law firm in Boston (200 attorneys.) The NETPIC committee ultimately said, "regardless of the decision from Judge Harrington, our lawyers did a phenomenal job. We could not have retained better lawyers, even if we had unlimited funds, as did our opposition in this suit."</p></blockquote><p></p>
[QUOTE="JonFrum, post: 135404"] Ironshot's questions, My replies . . . ". . . you still haven't come out and ID'd yourself as individual or "Propagandist" hack for your employer?" I don't understand this question. I am an individual who is posting on my own without consulting with anyone whatsoever. ". . . the 3rd circuit is . . . most likely a liberal bench, ( not necessarily the best place to choose a ruling against organized labor?)" It's the 1st Circuit, Boston, Ma. A very Liberal area, ( I don't know about the bench,) but this lawsuit pitted Teamsters rank-and-file reformers against Teamsters Old Guard pension fund Trustees. Both sides are "organized labor." "The UPS employee's in this action? How many?" 2,500. I assume this number reflects only actual dues payers. Dues were $30 per year for full-timers, $10 for part-timers. The suit was a Class Action so the five named individuals presumably represented nearly all the UPS full-timers and part-timers in New England. "The available dollars available to put into a vigious litigation battle?" Over a quarter million dollars, which back then (1986-1993) was a lot of money. Also an actuarial study of the pension fund was conducted by the John Hancock Insurance Co. at no cost because they expected to get the pension business of the UPS people if they sucessfully got their money out of the fund. This study was the basis of the case. It would have cost maybe $40,000 to commission it for pay. Originally a cap on the legal fees was negotiated of $115,000: $35,000 for Negotiations, $40,000 for Discovery, $25,000 for Trial, and $15,000 for 1st Circuit Court of Appeals. Numerous motions and delays by the other side ran up the cost beyond that. At one point NETPIC had spent $227, 812 and was asking for further donations. "Who or whom were the attorneys for the UPS employee's? And what was the experience level of said attorneys." Anthony Feeherry, assisted by Marie Buckley, both of Goodwin, Proctor and Hoar, a big law firm in Boston (200 attorneys.) The NETPIC committee ultimately said, "regardless of the decision from Judge Harrington, our lawyers did a phenomenal job. We could not have retained better lawyers, even if we had unlimited funds, as did our opposition in this suit." [/QUOTE]
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