710, 705?

[Re-Raise]

Number of participants in 710's pension plan is 20,472. Of this number, 6,532 are active participants, 10,519 are retired or separated from service and receiving benefits, and 3,421 are retired or separated from service and entitled to future benefits.

It is just like social security. People are living longer and there are fewer people paying in than there are taking out.

 

[710 steward]

Not so much poorly administered but trying to make promises that can't be kept. Sometimes you have to say no.

In my opinion that is a poorly administered plan. It's simple if there's not enough money in the pot don't take out more than what's coming in.

 

[bleedinbrown58]

Maybe it's time you guys that give in on the first vote realize we are better.

It's about friggin time you came back...dork. My arms hurt from holding that Twinkie on a string! lol

 

[upsgrunt]

But there was enough money to put a $250,000 bar in the union hall.

 

[Re-Raise]

I didn't even get a gift card

 

[brownmonster]

In my opinion that is a poorly administered plan. It's simple if there's not enough money in the pot don't take out more than what's coming in.

You can't promise a guy 46 years old a lifetime pension.

 

[babboo25]

But there was enough money to put a $250,000 bar in the union hall.

Is this true?

 

[hatebrown5]

I wonder if the union dues go to support those goofy liberials lol

 

[ski or die]

Why shouldn't we hold out for at least a $5400 pension?

Holding out for a $5400 pension is the reason many Plans are suffering. The contributions by the company does not provide enough (including interest on the Plan) to make these kind of payments. I fully understand Local 710's not having increased their Pension, and also I understand the need of the pension being larger because of the cost of living. But, the 710 Plan has been able to recover and return to the green status. After 911 it really struggled for awhile but is in much better shape now. With the opportunity that 710 has at this time with Contract still being negotiated, now is the time to ask for additional contributions from UPS. All the other contracts having being settled do not have this opportunity. Why push the 710 Plan into a "endangered status" and possible cut in pension. Just like the 401k, you try to stretch it out over your retirement. If you take large amounts each time you withdraw, it would go dry over a short period of time.

 

[upsgrunt]

Is this true?

I saw a picture, and was told the amount.

 

[UPSJedi2112]

I saw a picture, and was told the amount.

Put my "no" vote in the mail this morning. 705.

 

[ski or die]

But there was enough money to put a $250,000 bar in the union hall.

If they bought this bar for $250,000, why didn't they offer a free round of drinks to all of us.

 

[first lady hh 3]

We both have separate contracts.[/quote

 

[cachsux]

Local 705 passes their toilet paper unworthy contract with a 2634 yes/1300 no vote. 3934 votes out of the entire local. Disgustingly pathetic.
That's 2000 less people than work just in my building. We'll get everything we deserve on this one.

 

[710 steward]

Local 705 passes their toilet paper unworthy contract with a 2634 yes/1300 no vote. 3934 votes out of the entire local. Disgustingly pathetic.
That's 2000 less people than work just in my building. We'll get everything we deserve on this one.

CACH

Sorry to hear that. Both sides get what they want. The company gets a contract that's cash friendly and the union gets more cash to run their fingers through without benefiting it's membership. The rich get richer and the workers get to worry if they'll be anything left for them when their career is over.

 

[upschuck]

Local 705 passes their toilet paper unworthy contract with a 2634 yes/1300 no vote. 3934 votes out of the entire local. Disgustingly pathetic.
That's 2000 less people than work just in my building. We'll get everything we deserve on this one.

By your comment, I assume you voted "yes"?

 

[hatebrown5]

Its time to put fat juan out of office hes as bad as gerry zero!

 

[TheFigurehead]

Local 705 passes their toilet paper unworthy contract with a 2634 yes/1300 no vote. 3934 votes out of the entire local. Disgustingly pathetic.

The problem is that they make it too difficult. I had to go all the way out to the mailbox to get my mail, open the envelope, find a pen, check a box, put it back in an envelope, and then go back outside, all the way back to the mailbox, and put it back in.

What's with that? If the union wanted my vote, they could have at least sent a steward over to walk it back to my mailbox for me, or included a pencil to fill in the box. I'm not some sort of writing utensil magnate over here, or anything.

 

[UPSJedi2112]

I'm sure the 11,000 or whatever non-voters will be sure to buddyh and complain about this contract. That's a certainty.

 

[upsgrunt]

710 had a conference call Wednesday night and it was "mentioned" that if we vote it down, our backpay "may" not be guaranteed. If that's not pulling out all the stops to get something passed, I don't know what is. They are making sure the part timers hear that crap as the backpay for them is about a twelfth of what they make in a year.

Everyone will claim they voted no, but I bet it will pass by 85%.

Definately time for a change.