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UPS Discussions
A Repeat of 1997
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<blockquote data-quote="DELACROIX" data-source="post: 4790197" data-attributes="member: 49065"><p>The original 10 years came from the 2013 supplement.. the final countdown ends with the 2023 contract...</p><p></p><p>Corporate is planning on eliminating it’s defined pension plans, the recent sell off of UPS freight with it’s pension and health and welfare liabilities is a clear indicator of their intentions come 2023.</p><p></p><p>Look at the current slates for the teamsters .. Vairma’s is clearly vested and running with the Western Conferences, which is 92 percent fully funded and sitting pretty. O’Brien’s is counting on the Eastern, Central and Southern to show up strong.</p><p></p><p>If UPS does negotiate out of providing pension benefits to the Central and Southern part timers it will not affect the West...it is an easy target because no one really cares about part timers anymore. They will offer a matched 401 k similar to management’s which is going to end in 2023 also..the writing is on the wall...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4790197, member: 49065"] The original 10 years came from the 2013 supplement.. the final countdown ends with the 2023 contract... Corporate is planning on eliminating it’s defined pension plans, the recent sell off of UPS freight with it’s pension and health and welfare liabilities is a clear indicator of their intentions come 2023. Look at the current slates for the teamsters .. Vairma’s is clearly vested and running with the Western Conferences, which is 92 percent fully funded and sitting pretty. O’Brien’s is counting on the Eastern, Central and Southern to show up strong. If UPS does negotiate out of providing pension benefits to the Central and Southern part timers it will not affect the West...it is an easy target because no one really cares about part timers anymore. They will offer a matched 401 k similar to management’s which is going to end in 2023 also..the writing is on the wall... [/QUOTE]
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A Repeat of 1997
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