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<blockquote data-quote="Inthegame" data-source="post: 924533" data-attributes="member: 37112">Each supplement and or rider negotiates H/W and P but the dollars mirror the National negotiations. Some plans are set monthly increases while other plans pay a per dollar (straight time) amount. These last few years worked out to $40 per year increase to be split between respective funds by vote of the fund trustees according to need. Remember the market took a major downturn in 2008 after the last contract was in place. Many Pension plans dropped into red zone status not because of trustee actions, but because of market performance. Whatever direction the trustees allocate the yearly contractual increase have only a slight impact on fund performance. The market return is the big player in pension and utilization/prescription drug costs are the big players in H&amp;W. Insufficencies in these plans will not be repaired by UPS&#039;s contribution increases. They can be repaired by benefit reductions and improved market performance. The 804 trustees have acted prudently in the long term interest of their members, possibly at their own peril if they seek re-election. Real leaders make tough choices.</blockquote>

[QUOTE="Inthegame, post: 924533, member: 37112"] Each supplement and or rider negotiates H/W and P but the dollars mirror the National negotiations. Some plans are set monthly increases while other plans pay a per dollar (straight time) amount. These last few years worked out to $40 per year increase to be split between respective funds by vote of the fund trustees according to need. Remember the market took a major downturn in 2008 [I][B]after[/B][/I] the last contract was in place. Many Pension plans dropped into red zone status not because of trustee actions, but because of market performance. Whatever direction the trustees allocate the yearly contractual increase have only a slight impact on fund performance. The market return is the big player in pension and utilization/prescription drug costs are the big players in H&W. Insufficencies in these plans will not be repaired by UPS's contribution increases. They can be repaired by benefit reductions and improved market performance. The 804 trustees have acted prudently in the long term interest of their members, possibly at their own peril if they seek re-election. Real leaders make tough choices. [/QUOTE]

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