Actually in 86 our compensation was less than today. $8 hr/.60 pension/ .10 pacific Coast benefits = 8.70 hr. 8.70 in 1986 =
$19.62 in 2018 dollars.
Part timers today earn $13 hr, $9 in pension and .85 in pacific coast benefit. Which = $22.85.
So part timers make more today then we did. They just make it in pension instead of their check. But they still are compensated more.
I would help for everybody to go back in history and study the ancient contracts. The old adage about if you do not study the mistakes from history you tend to make the same ones as before.
In the l987 contract the starting part time rate was at 8 dollars an hour/9 if you were considered skilled. In 31 years of contract negotiations the starting wage only went up currently 2.35 cents, do the math. I was part time back in "86" and supported myself comfortably by paying rent, buying food, entertainment, owning and insuring a vehicle on my paycheck. Rent back then for a good apartment was about 300 dollars in my area, gas was about 1.50 a gallon, everything was cheaper. As a part timer I usually worked 25 hours a week no overtime, I got married in "86" and instantly had to support a wife and two children on my part time hours a did it for almost a year before I had to get a supplemental part time job elsewhere.
The Western Conference does have a far better pension accountability than the Central and Southern (IBT/UPS) and the (UPS Pension Plan) for part timers that is in total control by the company. I have serious doubts that in the Central and Southern that those promised hourly Pension increases of .70 for the part timers are not going into their individual pension plans (study how a defined benefit plan is funded). The IBT/UPS and the UPS Pension Plan for part timers only pay enough at the end of the year to account for their negotiated benefits. The Company made over 14.5 percent off interest along in their controlled Pension Trusts last year and contributed 5,000,000,000 recently, over and above what they had to to maintain a 100 percent vest ratio. With the stock markets currently going ape that means that they do not have to put the profits into those plans to maintain the promised coverages, each year will get better with the projections.
It is true that our .70 GWI raise is a result of the Pension and H/W hourly increases, which equals out to 20 dollars a week per full time in both. The total package with the GWI, Pension and H/W comes up to 1.70 increase per full time union employee in the first year. I am in a Pension Plan that has not negotiated any increases since the 2002 contract, for those who are not getting any answers to why those retiring in the Western is getting twice as much as the Central and Southern keep asking WHY?