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Brown Cafe UPS Forum
UPS Union Issues
Will UPS Bend Hoffa Over like in 2013?
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<blockquote data-quote="Gear" data-source="post: 3295727" data-attributes="member: 60511"><p>Im told by IAM, we are 101% vested. We dont have all the dead weight pulling us down like Teamsters with all the retirees from closed businesses. A guy retired about 3 years ago with 30 years and "says" he is getting close to $6500. Another guy with 25 years, says he is getting just over $5200. I talked to a few guys who were IAM and worked for Penske and they're saying 3200-3600 a month. Plus I haven't read anything about IAM retirees taking cuts. </p><p></p><p>I guess the main difference is we have more companies contributing into our pension. UPS is the main contributor to the Teamster pension. UPS isnt the main contributor to the IAM pension. </p><p></p><p>But that can all change tomorrow. My plan is to retire at 25 years, assuming I dont bail before then. Im a job jumper.</p></blockquote><p></p>
[QUOTE="Gear, post: 3295727, member: 60511"] Im told by IAM, we are 101% vested. We dont have all the dead weight pulling us down like Teamsters with all the retirees from closed businesses. A guy retired about 3 years ago with 30 years and "says" he is getting close to $6500. Another guy with 25 years, says he is getting just over $5200. I talked to a few guys who were IAM and worked for Penske and they're saying 3200-3600 a month. Plus I haven't read anything about IAM retirees taking cuts. I guess the main difference is we have more companies contributing into our pension. UPS is the main contributor to the Teamster pension. UPS isnt the main contributor to the IAM pension. But that can all change tomorrow. My plan is to retire at 25 years, assuming I dont bail before then. Im a job jumper. [/QUOTE]
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