Reply to thread

Message

<blockquote data-quote="DELACROIX" data-source="post: 3614552" data-attributes="member: 49065">So everybody who is a member of the Teamster&#039;s Union is getting the weekly monetary contributions per Article 34 (Master)?&nbsp; 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.&nbsp; Just from my research the defined benefit plans are only payed annually and can go up or down according to the plan&#039;s investments.&nbsp; The monetary contribution plans are funded to article 34 standards, a fixed weekly amount per employee goes into the trust.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&#039;s and most of the 90&#039;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.</blockquote>

[QUOTE="DELACROIX, post: 3614552, member: 49065"] So everybody who is a member of the Teamster's Union is getting the weekly monetary contributions per Article 34 (Master)? 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. Just from my research the defined benefit plans are only payed annually and can go up or down according to the plan's investments. The monetary contribution plans are funded to article 34 standards, a fixed weekly amount per employee goes into the trust. 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. [/QUOTE]

Verification