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Brown Cafe UPS Forum
UPS Union Issues
Union Politics - 804 members coming soon agitator 2
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<blockquote data-quote="OffRoutesPay" data-source="post: 1146159" data-attributes="member: 47531"><p>Yes and they ALL voted YES yesterday, as long as it ratified. It doesn't matter if the money is there or not it matters if an arbitrator will OK an increase if the pension board is dead locked 4 to 4 and past pension arbitrations show that unless a pension is 100% funded not 80% arbitrators will SAY NO. Arbitrators don't care about trends or actuary reports. The reason our pension has always gone up at 80% is because the UPS trustee allowed it BUT they didn't have to. I understand your concerns but as long as both the Union and Company actuarys gave your fund the thumbs up for the future take the increase and run.</p></blockquote><p></p>
[QUOTE="OffRoutesPay, post: 1146159, member: 47531"] Yes and they ALL voted YES yesterday, as long as it ratified. It doesn't matter if the money is there or not it matters if an arbitrator will OK an increase if the pension board is dead locked 4 to 4 and past pension arbitrations show that unless a pension is 100% funded not 80% arbitrators will SAY NO. Arbitrators don't care about trends or actuary reports. The reason our pension has always gone up at 80% is because the UPS trustee allowed it BUT they didn't have to. I understand your concerns but as long as both the Union and Company actuarys gave your fund the thumbs up for the future take the increase and run. [/QUOTE]
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