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Message: <blockquote data-quote="DELACROIX" data-source="post: 3741897" data-attributes="member: 49065">I am guessing that the extra 3 billion dollars that they invested in their 3 major pension trusts was because of their returns of 14.5 % last year, also another possibility is to cover the costs with their current "Project Transformation" buy outs that is going on with our management people. That 5 billion dollar investment boosted their pension liabilities well over 100 %..which means that they technically do not have to put any additional monetary contributions into those plans to cover their projected benefits.  That 14.5 % rate on their pension benefits plans may not be an anomaly, they may get the same returns this year with the Dow standing at 26,450 and increasing.  Their Central States liability goes down every year as our members continue to get vested time under the IBT/UPS Pension Plan and the older retirees pass on, the more that the company can make you work past your 60's is money in their banks, let alone the costs associated with retiree's Health and Welfare when Medicare kicks in at 65.Those CBA Pension negotiation increases per Article 34 (Master) are not paid out equally in every individual members pension fund.  The Western Conference gets this amount, The Central and Southern get is amount and the Eastern gets another amount.  I am in the Central, if you study the pension benefits that our brothers and sisters with the same amount of service years and age requirements will be  getting with our plan and then compare it to the West's..Big Differences..I believe that most of the Western Conference are under what you call is a "Monetary Contribution Plan", were that negotiated weekly figure of 450 or 500 dollars per member is being contributed into that plan. That is why the quoted monthly pension for a 30 year retiree is hovering around 6,000 dollars and their part time service is far better credited with their full time service.  Not like the Central's and Southern's (6 % penalty for all years prior to age 65)...The IBT/UPS Plan and the UPS Pension Plan are called a  "Defined Benefit Plan", it is paid annually a lump sump contribution just enough to covered their promised benefits.  My conclusion would be that any member under the Company controlled pension plan are "NOT" getting the same amount of contributions as those under any of the "Monetary Contribution Plans" that the Teamsters have control of.  The Central pays monthly a 30 year retiree at 3,500 (It goes up on 1 January 2020 to 3,900).  The part time pension formula is misreading and poorly written, also they are only getting a 5 dollar increase per service year for those years after 2008.  That 2350 quote on the 35 year pension benefit is very misleading..Do the math...Again a great cost cutting measure for UPS to stop their benefits after 35 years with no increases.Your last statement would be answered by both of the negotiation parties never opened the "Ohio Rider" for vote with this contract..Their response is that there were no new changes so why bother... Case closed on that one...</blockquote>

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