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UPS Union Issues
What happens if the contract isn't ratified on 1/1/08 when the regs go into effect?
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<blockquote data-quote="cheryl" data-source="post: 254606" data-attributes="member: 1"><p>I'm confused about the deadline issue. You're saying that there is nothing to lose if the contract is voted down and misses the January deadline, when the new pension regulations go into effect, because you still have until August 1st to negotiate. </p><p> </p><p>Most of the articles that I have read in the mainstream press say that this was a joint effort between UPS and the Teamsters to come to an agreement before the new regulations take effect on January 1. </p><p> </p><p>Could someone please explain to me what the specific differences are if the contract is or isn't ratified before the new pension regulations go into effect? Please no name calling or bullying. I'm looking for information, not endorsing anything.</p></blockquote><p></p>
[QUOTE="cheryl, post: 254606, member: 1"] I'm confused about the deadline issue. You're saying that there is nothing to lose if the contract is voted down and misses the January deadline, when the new pension regulations go into effect, because you still have until August 1st to negotiate. Most of the articles that I have read in the mainstream press say that this was a joint effort between UPS and the Teamsters to come to an agreement before the new regulations take effect on January 1. Could someone please explain to me what the specific differences are if the contract is or isn't ratified before the new pension regulations go into effect? Please no name calling or bullying. I'm looking for information, not endorsing anything. [/QUOTE]
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What happens if the contract isn't ratified on 1/1/08 when the regs go into effect?
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