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Brown Cafe UPS Forum
UPS Union Issues
Why do we have to wait....
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<blockquote data-quote="Inthegame" data-source="post: 3585823" data-attributes="member: 37112"><p>Negotiated contributions are paid into pension plans either on a weekly or hourly basis. </p><p>UPS wanted out of CS because of the structured "last man standing obligations for orphans" responsibility of that plan.</p><p>If 20% of Feeder drivers retire and those positions are filled on a one to one basis, the hourly or weekly funding is exactly the same as if no one retired. However, the plans are now paying monthly benefits to those 20%.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 3585823, member: 37112"] Negotiated contributions are paid into pension plans either on a weekly or hourly basis. UPS wanted out of CS because of the structured "last man standing obligations for orphans" responsibility of that plan. If 20% of Feeder drivers retire and those positions are filled on a one to one basis, the hourly or weekly funding is exactly the same as if no one retired. However, the plans are now paying monthly benefits to those 20%. [/QUOTE]
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