I still fail to understand why buying out of CS was such a bad deal. It was a calculated decision by the teamsters and UPS. The company wanted to save money, and the teamsters wanted to save face. Face it, come Jan. 1 of next year the CSPP would only be in the 50% funded range, and that would cause the government to step in and refigure benefits to get the fund back to a somewhat fully funded status. This would mean MORE cuts for those UPS teamsters still in the plan. What would have been worse is its my understanding that under the pension protection act of 2006 they can go back and alter what pension credits you already have accrued in order to get the fund back to where its supposed to be. CS is a mess and would take drastic cuts beyond what had already been done to get it back to a healthy status. In this deal the UPSers in CS will get a secure pension and UPS will save billions in ever increasing benefit costs in the long run. There really was no good reason why UPS should keep paying more and more into that fund while its own employees get less and less from it.
As far as the APWA is concerned, they, like everyone else, doesn't know all the details on the new contract, and shouldn't already be bashing it like they did in their message. They are just pissy that they weren't able to accomplish what they set out to do and now they are bitter. To say we have been "sold out by hoffa" is premature. Also they need to learn to stop talking from both sides of their mouths. One on side they criticize the teamsters for what they had to do to get UPS to pay the money to get out of CS. On the other side I'm sure they are still preaching their plan which would end up costing UPS about the same if not more if they were to pull out of all the pension funds UPS is currently apart of. Face it, its the end of the APWA. They were a joke to begin with, and will remain so for as long as people remember them.