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UPS Union Issues
UPS/Teamster negotiations moving fast
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<blockquote data-quote="JonFrum" data-source="post: 237697"><p>The Pension Plan and the H&W Plan are two completely seperate Plans with completely seperate Trust Funds. Since they are negotiated by, and run by many of the same people, there is a lot of coordination, but they are legally seperate. The (possible) withdrawal of UPS from the Pension Plan, and the payment of $6 billion in Withdrawal Liability debt by UPS to the Pension Fund has no direct connection to the H&W Fund. If any changes are to effect UPSers' H&W coverage, they would have to be negotiated as a seperate matter just like any other contractual change. No changes to the Pension or H&W coverage will occur unless the members vote to approve them, (along with all other contractual changes,) by a majority "yes" vote on the Master Contract and the Central States Supplement.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 237697"] The Pension Plan and the H&W Plan are two completely seperate Plans with completely seperate Trust Funds. Since they are negotiated by, and run by many of the same people, there is a lot of coordination, but they are legally seperate. The (possible) withdrawal of UPS from the Pension Plan, and the payment of $6 billion in Withdrawal Liability debt by UPS to the Pension Fund has no direct connection to the H&W Fund. If any changes are to effect UPSers' H&W coverage, they would have to be negotiated as a seperate matter just like any other contractual change. No changes to the Pension or H&W coverage will occur unless the members vote to approve them, (along with all other contractual changes,) by a majority "yes" vote on the Master Contract and the Central States Supplement. [/QUOTE]
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