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Whats the Master Plan?
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<blockquote data-quote="Anonymous GearJammer" data-source="post: 288144"><p>By withdrawing from the Central States Pension Plan the company is planning to save big money by full-timers retiring earlier since they restored the service pensions. That means they will end up replacing all these top scale employees with fresh blood (non-crippled) workers, that will have to now go through a three (3) year progression before topping out. For example, if a package car driver retired in August of 2008, and that resulted in a part time employee going driving then the company would save big money. </p><p></p><p>Company savings based on these averaged work weeks for three year progression period.</p><p></p><p> 40 hours 45 hours 50 hours 55 hours 60 hours</p><p>$66,544.80 $74,862.90 $83,181.00 $91,499.10 $99,817.20</p><p></p><p>These do not take into account for vacation pay, so actual values would be slightly different.</p></blockquote><p></p>
[QUOTE="Anonymous GearJammer, post: 288144"] By withdrawing from the Central States Pension Plan the company is planning to save big money by full-timers retiring earlier since they restored the service pensions. That means they will end up replacing all these top scale employees with fresh blood (non-crippled) workers, that will have to now go through a three (3) year progression before topping out. For example, if a package car driver retired in August of 2008, and that resulted in a part time employee going driving then the company would save big money. Company savings based on these averaged work weeks for three year progression period. 40 hours 45 hours 50 hours 55 hours 60 hours $66,544.80 $74,862.90 $83,181.00 $91,499.10 $99,817.20 These do not take into account for vacation pay, so actual values would be slightly different. [/QUOTE]
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Whats the Master Plan?
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