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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="stop the BS" data-source="post: 1218021" data-attributes="member: 50644"><p>Many of our members have great concern over our pension increase that will go into effect once national contract is ratified. Our pension fund has been in the critical status for more than 5 years and currently stands at 65% funded. We are excepting a increase of 400.00 dollars over the life of this contract but our accrual rate stays at 144.00 dollars. My concerns are? Can we receive this increase being in such horrible shape? And if we retire expecting increase and we do not receive can we come back to company and continue employment for breach of contract.</p></blockquote><p></p>
[QUOTE="stop the BS, post: 1218021, member: 50644"] Many of our members have great concern over our pension increase that will go into effect once national contract is ratified. Our pension fund has been in the critical status for more than 5 years and currently stands at 65% funded. We are excepting a increase of 400.00 dollars over the life of this contract but our accrual rate stays at 144.00 dollars. My concerns are? Can we receive this increase being in such horrible shape? And if we retire expecting increase and we do not receive can we come back to company and continue employment for breach of contract. [/QUOTE]
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