UnconTROLLed
perfection
I'd say it is UPS trying to remain competitive in compensation/retirement packages, window dressings, more than anything to do with the unions wishes.
Bye Bye Pension and Hello to matching 401k coming in 2023?
- Thread starter 1whofan
- Start date
Of course you would.
Unfortunately you can’t fix stupid. These people need to be saved from themselves, but it’s an uphill battle to do so.
BakerMayfield2018
Fight the power.
Thanks for trying to save us. We appreciate it.
BigUnionGuy
Got the T-Shirt
What I find most amusing;
Is the MOU has been in the contract since December 2007.
No one questioned it for 10 years.
All of the sudden (because a 4-year driver) makes a YouTube video....
His "interpretation" is regarded as credible.
-Bug-
Is the MOU has been in the contract since December 2007.
No one questioned it for 10 years.
All of the sudden (because a 4-year driver) makes a YouTube video....
His "interpretation" is regarded as credible.
-Bug-
BakerMayfield2018
Fight the power.
The wording “as long as work is available “ is garbage. They hold volume and cut routes. This is common knowledge. With these guys making $6 less an hour you don’t think they will cut the more expensive driver during the week and give the volume to the new guy with no 9.5 protection making less money on the weekends to deliver.........
UnconTROLLed
perfection
Yeah, the IBT truly needs self-reliant, financially independent and critically thinking members. That's their bread and butter!
Everyone knows that UPS delivers lumps of coal for it's employees as well as management outside of the top brass, but I'd still take a 401k match.
BTW my 401k is in much better shape than any meager pension payout would/could be.
reginald95
Well-Known Member
Except most employer matched 401k are topped at a certain percent regardless of how much you make.
CoffeeStainedUniform
Well-Known Member
I think you're giving management too much credit. They can't get orion to work, but think they have the mental capacity to optimize comparitive driver wage costs across multiple weeks. I just with they could get my air to me on time...or send the correct diad to my satellite...or...the list is endless.
reginald95
Well-Known Member
Pensions are there for those irresponsible people who can't use their own money to invest for their retirement. I have separate investments going on and not relying on a pension to keep me above water in my senior years.
CoffeeStainedUniform
Well-Known Member
15% match is the best I've seen. Would be roughly equivalent to our pension contributions and makes a very nice nestegg a lot faster than 30 years.
East coast navy
Veteran
Corporate has the mental capacity and they are writing the play book for the local manager!
CoffeeStainedUniform
Well-Known Member
You make a good point in theory but I frankly don't see that collusion being the problem. The two tiered system is a huge concession, but I don't think they could make the labor cost manipulation work. Otherwise it would only ever be top rate routes that are ever cut.
I was making a joke when I said that.
But honestly I would like to see a 401k match, it would help make people a little more responsible for their future.
oldngray
nowhere special
No way the union would go for that. They don't want to give up control of the money.
East coast navy
Veteran
You are also forgetting all the garbage in article 22.4 that doesn’t protect the combo driver
It's kinda weird how all these crackerjack investors are driving trucks for a living, and apparently the only thing keeping them from being billionaires is that they have a pension instead instead of a 401k match...
If you want to know why a pension is a better deal for the vast majority of workers all you have to do is look at the numbers:
This Chart Shows the Average 401(k) Balance at Every Age. See How You Stack Up
Most people just won't save enough on their own.
If you want to know why a pension is a better deal for the vast majority of workers all you have to do is look at the numbers:
This Chart Shows the Average 401(k) Balance at Every Age. See How You Stack Up
Most people just won't save enough on their own.
The union is going to eventually lose control of the pension. UPS isn't going to keep paying for the other Teamsters pension.
Look at the Central states plan now, the nee plan isn't a multi employer plan
You are correct that a lot of people won't save enough on their own...but... Just imagine if you had the amount of money that the company pays into our pension plan and the amount of money you put in to social security and your employer puts in the same amount as you do . If you invest all of that money you would be crazy rich when you retired.
