burrheadd
KING Of GIFS
Whoops
The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
- Thread starter Wally
- Start date
Whoops
Coldworld
Well-Known Member
burrheadd
KING Of GIFS
Starting to look like SOB no better than the last bunch that was in charge
burrheadd
KING Of GIFS
Coldworld
Well-Known Member
Part timers can actually get pension contributions up to 2080 also…you work on a Saturday or double shift all that goes in the pot too…good deal.2080 X $14 per hour = 29,120 a year, divided by 52 weeks = $ 560 a week going into the Western's pension plan per full time member. I believe that their part timers under peer 80 would be half of that ($ 280)/ 16,000 a year. Remember that both their part time years and full time years are combined when you retire, so unlike most of the rest of us...
That will continue and improve till 2028....
That .50 per hour (40 hour week) health and welfare/pension increase from I seen will be divided up between both plans, depending on the health of both plans. I expect that most of those increases will go into the Health and Welfare plans (per Article 34 (Master).
There are so many other pension plans and formulas that really needed improvements that didn't happen with this TA..those members in the West should not complain and they know it. I expect at the end of 2028 their pay out will be close to 400 dollars a service year even without outstanding returns with your pension plan investments or new participants.
For example with a $ 400 service year formula their 30 year pension at any age would pay out with 5 years part time and 25 years full time approximately: 5 x 200 (part time) = 1,000....25 X 400 (full time) = 10,000 ... grand total 11,000 a month...now compare those totals for the IBT/UPS Pension Plan....
Even if there are no significant improvements in the Western, speculating that the totals right now are at $ 300 a service year...5 X 150 (part time) = 750.....25 X 300 (full time) = 7,500 ....8,250.
These estimates have to be close, if not please correct me...
Just A UPS Guy
Bully.
It's clearly a better contract and I don't think anyone can honestly say otherwise. It's just a bad look when you pound your chest and bang the drum of "$30B" when you can't keep improving everyone's pension contributions, especially when they managed to do it with a $13B contract in 2018. No forward-thinking career man ever wanted a raise at the expense of his pension.
Welcome to Snowflake generation
Wally
BrownCafe Innovator & King of Puns
Right here sir...that union leader guy touched us here... the pain is continuous...
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Wilson1397
Half the lies they tell about me aren't true!!
UnionStrong
Sorry, but I don’t care anymore.
Thebrownblob
Well-Known Member
LMFAO
PreTrippin’
Stinkin Ginzo
You are out of control
PreTrippin’
Stinkin Ginzo
Myogdb
Post reported
Coldworld
Well-Known Member
Should we call carol?
She got fired after this contract
Coldworld
Well-Known Member
Good…now I can go to bed in peace, later…dont forget to turn off the generators in the bunker…we’re done for the next 4 1/2 years in there… it’s been a good ride
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