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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="bigd" data-source="post: 1181443" data-attributes="member: 42563"><p>You sir! Don't know what you are talking about, under the existing supplemental the company has to put monies in local804/447 pension fund to cover to difference of what's coming in as pension contribution from full time members and what's going out as benefits paid! Now let me break it down for you all!</p><p>When the current supplemental was signed back in 2008 the pension fund had a deficiency of 19million so thru out the following years the deficiency grew to now over 26million. Why this? Well simply we have less full time members working.</p><p>The previous board didn't negotiated $1.75! What they did was to tie future contributions to the law (PPA).</p><p>If you divide 26millions/4035 full time members you get $3.09 and hour! That is almost double what the current Eboard negotiated!</p></blockquote><p></p>
[QUOTE="bigd, post: 1181443, member: 42563"] You sir! Don't know what you are talking about, under the existing supplemental the company has to put monies in local804/447 pension fund to cover to difference of what's coming in as pension contribution from full time members and what's going out as benefits paid! Now let me break it down for you all! When the current supplemental was signed back in 2008 the pension fund had a deficiency of 19million so thru out the following years the deficiency grew to now over 26million. Why this? Well simply we have less full time members working. The previous board didn't negotiated $1.75! What they did was to tie future contributions to the law (PPA). If you divide 26millions/4035 full time members you get $3.09 and hour! That is almost double what the current Eboard negotiated! [/QUOTE]
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