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Brown Cafe UPS Forum
UPS Union Issues
Where does the drivers back pay interest go
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<blockquote data-quote="UPSGUY72" data-source="post: 1289262" data-attributes="member: 14514"><p>IF the teamster made UPS put the money it would be in a no interest bearing account otherwise we would be entitled to the interest gained. That if the teamsters required the money to be put into a separate account. I don't see that as happen and since technically the money isn't our until the contract is implemented and that hasn't happen yet. Once the contract is implemented UPS will pay us the back pay in full as it becomes rightfully ours at that point no before that point. Untill the contract gets implemented UPS is free to do what ever they want with that money as it's not ours...... If it was you could sue UPS for withhold money from you......</p></blockquote><p></p>
[QUOTE="UPSGUY72, post: 1289262, member: 14514"] IF the teamster made UPS put the money it would be in a no interest bearing account otherwise we would be entitled to the interest gained. That if the teamsters required the money to be put into a separate account. I don't see that as happen and since technically the money isn't our until the contract is implemented and that hasn't happen yet. Once the contract is implemented UPS will pay us the back pay in full as it becomes rightfully ours at that point no before that point. Untill the contract gets implemented UPS is free to do what ever they want with that money as it's not ours...... If it was you could sue UPS for withhold money from you...... [/QUOTE]
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Where does the drivers back pay interest go
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