Pension

[MyTripisCut]

Projected to be an additional $1500 per month, over and above current levels for those bitching about contribution increases, by the end of the contract.

Seems like one helluva pension increase to me. $1500 more per month in 5 years.

And, the pensions that didn't receive a bailout can add benefit enhancements and multipliers. Never seen something get so misconstrued.

 

[Coldworld]

No wonder they get 8K a month pension. Lol

It helps that pt. And ft. Pensions are all in one pot…just the amount that goes in there from pters who leave in a year or two is astronomical considering they pay 10-12 bucks an hour into their pensions.

 

[MyTripisCut]

It helps that pt. And ft. Pensions are all in one pot…just the amount that goes in there from pters who leave in a year or two is astronomical considering they pay 10-12 bucks an hour into their pensions.

It would be smart for all locals to get their PT pension contributions under the locals control. Maybe we can chase this next time. Eighty five percent of PTmers don’t make it five years to become vested. Roll that into the total fund for each supplement and you’re cooking.

 

[Coldworld]

And, the pensions that didn't receive a bailout can add benefit enhancements and multipliers. Never seen something get so misconstrued.

Don’t forget that the last 4 years has been bonus years where the multiplier has been raised. We have pretty much received a “free” year for working the last 3 years.

 

[Coldworld]

It would be smart for all locals to get their PT pension contributions under the locals control. Maybe we can chase this next time. Eighty five percent of PTmers don’t make it five years to become vested. Roll that into the total fund for each supplement and your cooking.

You would think that ups would already want to get out of the pt pension business, unless there is another underlying reason why they want to keep it business as usual??

 

[MyTripisCut]

Don’t forget that the last 4 years has been bonus years where the multiplier has been raised. We have pretty much received a “free” year for working the last 3 years.

They’re all different. We just qualified for the multiplier here last year.

 

[Thebrownblob]

They’re all different. We just qualified for the multiplier here last year.

Sounds like a game show

 

[MyTripisCut]

You would think that ups would already want to get out of the pt pension business, unless there is another underlying reason why they want to keep it business as usual??

Because they hold those payments in escrow until that PT employee becomes vested, and if they don’t they just roll it back to Carol? Just a theory.

 

[MyTripisCut]

Sounds like a game show

You want to play? C’mon down! You’re the next contestant on Lets Complain About Things We Don’t Know About!

 

[Thebrownblob]

You want to play? C’mon down! You’re the next contestant on Lets Complain About Things We Don’t Know About!

 

[Coldworld]

View attachment 442072

Because they hold those payments in escrow until that PT employee becomes vested, and if they don’t they just roll it back to Carol? Just a theory.

Probably the same reason they historically run the contract negotiations way past the ending date…look at how long the pilots went without a contract.

 

[Thebrownblob]

Probably the same reason they historically run the contract negotiations way past the ending date…look at how long the pilots went without a contract.

Pretty good chance if any of the supplements get voted down, we could possibly wait a very long time as well for ratification. Anything past September and they will start saying they don’t have time to meet because of scheduling issues and peak season.

 

[Coldworld]

They’re all different. We just qualified for the multiplier here last year.

I’m not protecting the company but there’s a reason companies don’t offer pensions anymore. I don’t think some people truly understand how much money goes into these things.

 

[Coldworld]

Pretty good chance if any of the supplements get voted down, we could possibly wait a very long time as well for ratification. Anything past September and they will start saying they don’t have time to meet because of scheduling issues and peak season.

And the checks won’t be .70 cents an hour this time…people are going to be chomping at the bit if this thing goes past a couple months. Might be a nice chunk of change.

 

[Thebrownblob]

And the checks won’t be .70 cents an hour this time…people are going to be chomping at the bit if this thing goes past a couple months. Might be a nice chunk of change.

4-6 months worth of retro pay, and several thousand dollars will have people ready to vote yes. Strategy?

 

[IVE GOTTA PACKAGE 4U]

4-6 months worth of retro pay, and several thousand dollars will have people ready to vote yes. Strategy?

That's the way it's always been

 

[Coldworld]

4-6 months worth of retro pay, and several thousand dollars will have people ready to vote yes. Strategy?

Who knows…we are many times our own worst enemies.

 

[Thebrownblob]

Who knows…we are many times our own worst enemies.

Where’s my retro?

 

[IVE GOTTA PACKAGE 4U]

Where’s my retro?

I just got back from the grocery store I could use one now
Low inflation my ass.

 

[Coldworld]

4-6 months worth of retro pay, and several thousand dollars will have people ready to vote yes. Strategy?

Don’t tell Mrs cold about the retros…let’s keep this between the bc fam