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Brown Cafe UPS Forum
UPS Union Issues
When will contract negotations resume?
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<blockquote data-quote="balland chain" data-source="post: 1097651" data-attributes="member: 43608"><p>The rumor here in the south is the company is offering to no longer guarantee the pension accrued with Central states. So in a nut shell a person with 30 years in, 24 with Central States will now get a 6 year pension from the company if Central States goes belly up. Central States is in the red even after UPS gave them billions years ago to take control of the pension. The insurance from Central States is the worst insurance with an astronomical price, roughly 300 per week per employee. How the union could have allowed us to get in the mix with a bunch of crooks (years ago many many millions were missing) makes me sick. Let us buy the insurance that management pays for. Get central states out of the picture all together !! It is not looking good from what we are hearing down here.</p></blockquote><p></p>
[QUOTE="balland chain, post: 1097651, member: 43608"] The rumor here in the south is the company is offering to no longer guarantee the pension accrued with Central states. So in a nut shell a person with 30 years in, 24 with Central States will now get a 6 year pension from the company if Central States goes belly up. Central States is in the red even after UPS gave them billions years ago to take control of the pension. The insurance from Central States is the worst insurance with an astronomical price, roughly 300 per week per employee. How the union could have allowed us to get in the mix with a bunch of crooks (years ago many many millions were missing) makes me sick. Let us buy the insurance that management pays for. Get central states out of the picture all together !! It is not looking good from what we are hearing down here. [/QUOTE]
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When will contract negotations resume?
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