What was agreed on the new contract regarding Health Insurance?

[twoweeled]

I amView attachment 201288 View attachment 201284 View attachment 201286 I am and these pictures are not last xmas but a time when the sh hit the fan all of a suddenView attachment 201287

Don't let them see you taking those pictures. I don't know if all management would say anything, but I'll bet more than half will prohibit it. Just saying!
What a mess! LOL!

 

[Inthegame]

So everybody who is a member of the Teamster's Union is getting the weekly monetary contributions per Article 34 (Master)?

No. Lots of Teamsters don't work at UPS. Some UPSers aren't dues payers so not Teamsters but still are participants of benefit plans.

What about everybody who happens to be in a (defined benefit) plan like the UPS Pension Plan and the IBT/UPS Plan, is the company contributing the same amount as the ones in a (monetary contribution) one.

Not sure what you're referring to when you state "monetary contribution" plan, unless you're mixing terms with a defined contribution plan, such as a 401K
type plan.
For participants in the UPS defined benefit plans, the company contributes the same negotiated rate. Some supplements and riders differ from the UPS plan with their negotiated contribution amounts, but generally they're all close.

Just from my research the defined benefit plans are only payed annually and can go up or down according to the plan's investments.

Do more research. Participating Employers must contribute their negotiated amounts according to the terms of their Trust Agreements, usually monthly. Failing to make the required contributions timely opens the door for penalties on the delinquent party. Plans do not adjust their monthly benefits payout to their members annually according to plan performance.

The monetary contribution plans are funded to article 34 standards, a fixed weekly amount per employee goes into the trust.

You're describing a defined benefit plan. Some plans pay $ per hour capped at 40, some pay the negotiated weekly rate at the first punch.

We all can blame somebody for why these benefit plans are underfunded, but can we really say it is the fault of the rank and file or was it the fault of bad decisions by leadership like not growing full time positions (in the 80's and most of the 90's) to help provide the funds to have a good retirement package, also politics involved with getting re-elected by promising benefits with go means to pay for them did not help either.

Who's blaming the rank and file for funding issues? Full time positions did grow in the 80's and 90's. And the 22.3 combo jobs were created in the '97 CBA, adding many UPS'ers to full time contributory status.
Remember the stock market tripled in value in the 90's, far outpacing the recent gains. All plans were riding high.
The law at the time required plans to improve benefits under those conditions.
The worst thing plan admins and trustees did was not checking their crystal balls.

 

[upsbeernut]

Don't let them see you taking those pictures. I don't know if all management would say anything, but I'll bet more than half will prohibit it. Just saying!
What a mess! LOL!

Lol lol lol lol . That's the truth let them chew on it

 

[upsbeernut]

6 pm is coming

 

[BrownMonk]

why aren't all Teamsters covered by the same plan and get better and lower cost health plan and more even pension plan....strength in numbers standing together always wins

Many Locals have their own health&welfare funds and have always negotiated based on that. Healthcare plans use companies to administer their plans and those companies don't have agreements with some States so people would be left without benefits.