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Brown Cafe UPS Forum
UPS Union Issues
Why do we have to wait....
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<blockquote data-quote="DELACROIX" data-source="post: 3586116" data-attributes="member: 49065"><p>All true..They did want out of the Central because of the liability issues involved with it's underfunding and possible collapse. They are still pissed off that they have to cover it's union employees who retired after 2007, really they never got out of being responsible for the failures of Central. </p><p></p><p>The newer less seniority members who could fill those feeder positions will be contributing far more weekly into the mostly run teamster's plans. It is a matter of returns much like your 401K, the newer drivers if they start off the street will be working 30 plus years before they would be eligible to collect.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3586116, member: 49065"] All true..They did want out of the Central because of the liability issues involved with it's underfunding and possible collapse. They are still pissed off that they have to cover it's union employees who retired after 2007, really they never got out of being responsible for the failures of Central. The newer less seniority members who could fill those feeder positions will be contributing far more weekly into the mostly run teamster's plans. It is a matter of returns much like your 401K, the newer drivers if they start off the street will be working 30 plus years before they would be eligible to collect. [/QUOTE]
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