silenze
Lunch is the best part of the day
Think your pension will get a bailout from ups? Think again.
Right in the master agreement
Memorandum of Understanding
United Parcel Service, Inc. (Ohio and New York Corporation), as a
demonstration of its commitment to maintaining jointly adminis-
tered Teamster pension benefit plans, and to enhance the long term
stability of pension coverage for its employees represented by
Teamster Local Unions, agrees that for a period of ten (10) years
from the effective date of the National Master Agreement, it will not
solicit any signatory Local Union to change pension plans, either by
proposing such change during future negotiations of the National
Master Agreement or by encouraging its employees to advocate
withdrawal from participation in their current pension plan.
Right in the master agreement
Memorandum of Understanding
United Parcel Service, Inc. (Ohio and New York Corporation), as a
demonstration of its commitment to maintaining jointly adminis-
tered Teamster pension benefit plans, and to enhance the long term
stability of pension coverage for its employees represented by
Teamster Local Unions, agrees that for a period of ten (10) years
from the effective date of the National Master Agreement, it will not
solicit any signatory Local Union to change pension plans, either by
proposing such change during future negotiations of the National
Master Agreement or by encouraging its employees to advocate
withdrawal from participation in their current pension plan.