IBTs Economic Proposals Leaked!

[1989]

It just seems pointless for them to join a pension like the western that starts you out at a $0 benefit and only increases over time as your hourly contributions accumulate.

It would be like starting over from scratch

Sure, just like anything, you start at $0. But you still have what you earned elsewhere. What pension starts you above $0? Maybe ups pays a fee for older participants. To eliminate the 5 year vesting.

 

[1989]

The required minimum contribution for the PT pension plan for 2017 was $0.

Sounds like ups does a better job than most pension plans.

 

[brown_trousers]

Sure, just like anything, you start at $0. But you still have what you earned elsewhere. What pension starts you above $0? Maybe ups pays a fee for older participants. To eliminate the 5 year vesting.

But if everyone stopped contributing to the central states plan, and moved their contributions to a different plan. The central states plan would collapse even faster and be worth nothing. Then you would be starting over your retirement with nothing

 

[brown_trousers]

Sure, just like anything, you start at $0. But you still have what you earned elsewhere. What pension starts you above $0? Maybe ups pays a fee for older participants. To eliminate the 5 year vesting.

I heard some plans calculate benefits based on how many years you have work at UPS, vs calculating that benefit on how much money you have contributed into the plan like the west does

 

[1989]

But if everyone stopped contributing to the central states plan, and moved their contributions to a different plan. The central states plan would collapse even faster and be worth nothing. Then you would be starting over your retirement with nothing

Ups is no longer contributing to the plan anyway.

 

[1989]

I heard some plans calculate benefits based on how many years you have work at UPS, vs calculating that benefit on how much money you have contributed into the plan like the west does

I believe those are only ups plans.

 

[brown_trousers]

Ups is no longer contributing to the plan anyway.

UPS doesnt pay pension contributions to people in the central states?

 

[1989]

UPS doesnt pay pension contributions to people in the central states?

Ups has not donated for a decade now.

 

[Frankie's Friend]

@UpstateNYUPSer , you're so dumb. I'm not repeating it for a lost cause. Please retire and leave this site. There's enough management on here without you.

 

[brown_trousers]

Ups has not donated for a decade now.

How is the pension funded then? Union dues?

 

[burrheadd]

How is the pension funded then? Union dues?

Scheduled to run dry in 2025

 

[brown_trousers]

Scheduled to run dry in 2025

Oh damn. They are paying out benefits without any money coming in?

Might as well forget about that pension then. Its a titanic of a sinking ship. Forget it and start investing in retirement elsewhere.

 

[Shift]

My point is, ups is paying $31+ an hour to part timers. But they only see $12 an hour, so they quit for a $15 an hour job.

They only pay $10 starting at my hub so they probably pay out $23hr- $25 for a pt employee on average with benefits, pension and insurance so. All while another employee doing literally the same work or less is making $29.60 adding pension, benefits and insurance there making $42 hr

 

[wide load]

They only pay $10 starting at my hub so they probably pay out $23hr- $25 for a pt employee on average with benefits, pension and insurance so. All while another employee doing literally the same work or less is making $29.60 adding pension, benefits and insurance there making $42 hr

I recommend going full time

 

[brown_trousers]

They only pay $10 starting at my hub so they probably pay out $23hr- $25 for a pt employee on average with benefits, pension and insurance so. All while another employee doing literally the same work or less is making $29.60 adding pension, benefits and insurance there making $42 hr

I believe the current contract shows part times wages topping out the same as full time driver wages

 

[Shift]

I recommend going full time

Been trying that for years lol packages in our building have been taking people left and right for a few years now but not everyone wants to go that route. I personally would rather feeders or 22.3

 

[Shift]

I believe the current contract shows part times wages topping out the same as full time driver wages

Part timers don' have a true top out wage because all we get is GWI. Full time gets GWINN plus a 4yr progression to top pay. I wouldn't have any complaints if they would start pt at the same starting rate as a ft and in 4 years bumped them up to the $29.60 ft inside top pay or what ever top pay may be at the giving time.

 

[PT Car Washer]

Part timers don' have a true top out wage because all we get is GWI. Full time gets GWINN plus a 4yr progression to top pay. I wouldn't have any complaints if they would start pt at the same starting rate as a ft and in 4 years bumped them up to the $29.60 ft inside top pay or what ever top pay may be at the giving time.

There is a top PT pay rate and it is $35.65/hr for sort qualified and $34.60/hr for unskilled jobs.

 

[Brownslave688]

Part timers don' have a true top out wage because all we get is GWI. Full time gets GWINN plus a 4yr progression to top pay. I wouldn't have any complaints if they would start pt at the same starting rate as a ft and in 4 years bumped them up to the $29.60 ft inside top pay or what ever top pay may be at the giving time.

$20 would be a heck of pt "top rate"

 

[Brownslave688]

Been trying that for years lol packages in our building have been taking people left and right for a few years now but not everyone wants to go that route. I personally would rather feeders or 22.3

Lol so would 90% of the guys who have put their time in as drivers and they deserve those jobs first.