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Message: <blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1061146" data-attributes="member: 12570">When the company and the union discuss the financials of the contract they are basically talking about how to slice one pie in to 3 pieces---wages, benefits and pension. The benefits and pension are administered by the union---the wages by the company directly to the employees. The split raises have nothing to do with benefits and pension---they are wages paid directly by the company to the employees. Our pension plan was in critical status and one of the remedies was to divert our split raises for the duration of the contract to the pension. We did get the COLA and our top rate is just over $30/hr.  The split raises have nothing to with healthcare---they simply save the company a ton of money.I hope this clears it up for you. Dave.</blockquote>