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UPS Union Issues
What if Ups buys out Teamsters/Central States Pension woo`s?
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<blockquote data-quote="barking dog" data-source="post: 207220" data-attributes="member: 10253"><p>I can agree with you on the part of "voluntary" decisions to leave the single employer fund for something like serving in a union position. You are correct in that portability or the lack of it would have to be determining factor in a persons "voluntary" decision to leave UPS. However, it is the "involuntary" ones that concern me. If someone had 19 years with UPS and had to leave the job due to circumstances beyond their control - they stand to lose alot. It is a consideration that should be included in anyones decision on how they vote on this proposal. Portability in pensions is not negotiated into the collective bargaining agreement. It is a pension fund action that is outside of the labor contract between the employer and the company. Also, even if it could be given by mutual agreement of the pension fund trustees UPS would not agree to it because it would fly in the face of what they are trying to do now in creating a UPS only pension.</p><p> </p><p>When UPS decided to shut down the Thrift Plan just how much input did they get from the participants prior to shutting it down and switching over to the company stock option? None. So why would anyone think that the company would take their (the employees) best interest to heart with the pension grab they are trying to set up? Anybody that has been around this company long enough knows they only do what is best for them and the bottom line. They will sacrifice anybody and anything for the bottom line. (Even your pensions)</p></blockquote><p></p>
[QUOTE="barking dog, post: 207220, member: 10253"] I can agree with you on the part of "voluntary" decisions to leave the single employer fund for something like serving in a union position. You are correct in that portability or the lack of it would have to be determining factor in a persons "voluntary" decision to leave UPS. However, it is the "involuntary" ones that concern me. If someone had 19 years with UPS and had to leave the job due to circumstances beyond their control - they stand to lose alot. It is a consideration that should be included in anyones decision on how they vote on this proposal. Portability in pensions is not negotiated into the collective bargaining agreement. It is a pension fund action that is outside of the labor contract between the employer and the company. Also, even if it could be given by mutual agreement of the pension fund trustees UPS would not agree to it because it would fly in the face of what they are trying to do now in creating a UPS only pension. When UPS decided to shut down the Thrift Plan just how much input did they get from the participants prior to shutting it down and switching over to the company stock option? None. So why would anyone think that the company would take their (the employees) best interest to heart with the pension grab they are trying to set up? Anybody that has been around this company long enough knows they only do what is best for them and the bottom line. They will sacrifice anybody and anything for the bottom line. (Even your pensions) [/QUOTE]
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What if Ups buys out Teamsters/Central States Pension woo`s?
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