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<blockquote data-quote="DELACROIX" data-source="post: 5169271" data-attributes="member: 49065">The potential buy out could occur if our members under the Central and Southern were to receive pension benefit increases for their vested time as part timers.&nbsp; The could negotiate combining those pension hours straight into the separate full timers, much like the Western’s .&nbsp; So you would get full credit for your hours worked as a part timer, it is legal to transfer pension credits from one plan to another as long as it benefits the participants.&nbsp; Right now the Company has total control over the UPS Pension Plan and have contained the cost of maintaining that plan by not increasing benefits for the current participants or prior ones.&nbsp; The writing is on the wall for every “defined pension plans” in America...The Corporations are eliminating them and converting them into matched 401K’s...these kids that we are hiring do not care if they have a pension plan, it takes 5 years to get vested, most leave in a year.&nbsp; The Company is going to try to eliminate the part time pension plans that they have control of.&nbsp; The costs associated with maintaining these plans are rising, right now because of the markets they are balancing out, but there will be a time when they will crash.All of us old timers are ready to go, the question is will the Company and the Union be willing to provide us with&nbsp; fair and decent pension and health and welfare package?</blockquote>

[QUOTE="DELACROIX, post: 5169271, member: 49065"] The potential buy out could occur if our members under the Central and Southern were to receive pension benefit increases for their vested time as part timers. The could negotiate combining those pension hours straight into the separate full timers, much like the Western’s . So you would get full credit for your hours worked as a part timer, it is legal to transfer pension credits from one plan to another as long as it benefits the participants. Right now the Company has total control over the UPS Pension Plan and have contained the cost of maintaining that plan by not increasing benefits for the current participants or prior ones. The writing is on the wall for every “defined pension plans” in America...The Corporations are eliminating them and converting them into matched 401K’s...these kids that we are hiring do not care if they have a pension plan, it takes 5 years to get vested, most leave in a year. The Company is going to try to eliminate the part time pension plans that they have control of. The costs associated with maintaining these plans are rising, right now because of the markets they are balancing out, but there will be a time when they will crash. All of us old timers are ready to go, the question is will the Company and the Union be willing to provide us with fair and decent pension and health and welfare package? [/QUOTE]

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