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Brown Cafe UPS Forum
UPS Union Issues
Anyone with time in Central States should vote no !!!
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<blockquote data-quote="DELACROIX" data-source="post: 3639676" data-attributes="member: 49065"><p>I know that we have enough problems to work out with this contract, but just putting it out there for us to expect the 2023-2029 to be the contract that will finally settle the Central States issue. Whether that means the Central finally going into bankruptcy or supplemented by the company who knows, it sure looks like the chess game is in motion.</p><p></p><p>To many red flags with the Company ending funding into their management retire plan (in 2023) freeing up a ton of money, and the letter of understanding at the end of the tentative agreement stated that they will have to the right to negotiate over these underfunded pension trusts, again 5 years from </p><p>now. </p><p></p><p>How it will affect anybody thinking of retiring now or over this contract is up in the air. It is sure looking like even if you leave your current benefits could be in flux and not written in for life.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 3639676, member: 49065"] I know that we have enough problems to work out with this contract, but just putting it out there for us to expect the 2023-2029 to be the contract that will finally settle the Central States issue. Whether that means the Central finally going into bankruptcy or supplemented by the company who knows, it sure looks like the chess game is in motion. To many red flags with the Company ending funding into their management retire plan (in 2023) freeing up a ton of money, and the letter of understanding at the end of the tentative agreement stated that they will have to the right to negotiate over these underfunded pension trusts, again 5 years from now. How it will affect anybody thinking of retiring now or over this contract is up in the air. It is sure looking like even if you leave your current benefits could be in flux and not written in for life. [/QUOTE]
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UPS Union Issues
Anyone with time in Central States should vote no !!!
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