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<blockquote data-quote="DELACROIX" data-source="post: 5068592" data-attributes="member: 49065">A vast majority of our Teamster members are under defined pension plans that do not pay any increases after 30 or 35 years service.&nbsp; The UPS Pension Plan is a good example, it covers every member that has vested time as a part timer.We have several part timers that have almost 44 years in working in our building, their pension benefits are frozen after 35 years.Most of our current retirees are waiting till they are eligible for Social Security or Medicare under the Central and Southern.&nbsp; The Western pays far superior benefits for their future retirees, part time service included.The failure of the International over the last twenty years to increase every member’s pension formula to the same levels that the West enjoys pretty much explains the bargaining power that the Union had with our pension benefits in the Central and Southern.</blockquote>

[QUOTE="DELACROIX, post: 5068592, member: 49065"] A vast majority of our Teamster members are under defined pension plans that do not pay any increases after 30 or 35 years service. The UPS Pension Plan is a good example, it covers every member that has vested time as a part timer. We have several part timers that have almost 44 years in working in our building, their pension benefits are frozen after 35 years. Most of our current retirees are waiting till they are eligible for Social Security or Medicare under the Central and Southern. The Western pays far superior benefits for their future retirees, part time service included. The failure of the International over the last twenty years to increase every member’s pension formula to the same levels that the West enjoys pretty much explains the bargaining power that the Union had with our pension benefits in the Central and Southern. [/QUOTE]

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