The Economics of the Tentative Agreement Our International Union continues to keep a tight lid on facts about the tentative agreement. But Make UPS Deliver has obtained some information about the outlines of the economic package. The tentative deal provides for wage increases of $4 an hour over the life of the contract. Annual wage increases will be 70¢-75¢-75¢-85¢-95¢. A portion of each wage increase would be delayed six months, until February of the following year. Under the tentative deal, UPS would contribute $1 an hour more each year toward our benefits. This would be split between pension and health and welfare. The tentative deal includes concessions that would lengthen the wage progression to 36 months. This is the second contract in a row that Hoffa has given in to the company's demand to increase the progression by six months. If the agreement is approved, it would take a driver three years to get up to top pay. The new deal would also lengthen the probationary period to 60 days. Economic Gains Not as Big as 2002 Contract Chief negotiators James Hoffa and hall promised the “Richest Contract Ever” but the new tentative deal actually provides for smaller percentage gains than the 2002 “Best Contract Ever.” While the tentative agreement includes approximately $9 an hour in wage and benefit improvements compared to $8.75 over six years in 2002, this amounts to a smaller percentage increase than the current contract. * The 2002 contract delivered wage and benefit increases of 27.57 percent over the length of the contract. In comparison, the current agreement provides for a total increase of just 22.22 percent. * Over five years, the new tentative deal would average increases in wages and benefits of 4.4 percent per year. Over six years, the 2002 contract averaged higher wage and benefit increases of 4.6 percent per year. Contracts are compared by percentage, because a dollar in 2008 is not the same as a dollar in 2002. Under this proposed contract full-time wages would likely fall behind inflation. To keep pace with inflation of three percent a year, we would need to negotiate wage increases of 85¢, 87¢, 90¢, 92¢, and 95¢, or $4.49 over the life of the agreement—compared to the $4 actually negotiated. Tentative Agreement Would Put Money into Benefits As expected, the tentative agreement puts more money into pensions and healthcare than wages. Many members are greatly concerned about pensions and health care. But more than what is paid in, members want to know what benefit improvements will be coming. There are reports that in the Central States Area, retiree health care for 30-and-out retirees will be available for $200 per month ($400 to include spouse). However, we await detailed information in writing. Bend over boys! Looks like the teamsters got screwed again! 3 yr wage proggession for full time drivers, minimal raises w/the slap in the face 2 raises a year(cant even give ya 70 cents at one time). Wow a multibillion dollar company cant even give there hard working employees wages to keep up with inflation. What a joke. Nice jobb HOFFA!!!!!!!!!! SHi*ty contract!!! Great Job on helping out the part-timers too!