Here is the story little boy..... Everyone is innocent until proven guilty, whatever the result may be it will be deserved and that is the end of that. Your pension is fully funded and your contributions are $20,488 a year. You are making more than you ever have and leading the industry in wages, pension and healthcare. You are the clueless Ron Burgundy of UPS and spew all that is negative while you reap the rewards of the best Teamster benefits of all UPSers. Have a great day.
That Teamster NJ pension was fully funded years ago, they are bankrupt now and cuts are coming.
NY Teamster Pension fund is now bankrupt and cuts are coming.
We got a grand total of $.25 raise in our pension contributions in 3 years and may not get another on this contract.
If healthcare cost rise, we could also lose some or all of our pay increases the last 2 years also.
Just because we are at just over 90% funded now, does not mean these diversions do not matter.
These diversions will have an impact 10, 15 to 20 years down the road, you watch.
All for a healthcare plan that is not as good as what we had.
UPS made $4.4 billion dollar profit the year our contract was signed.
UPS made $4.8 billion dollar profit in 2015, that's $400 million dollars more in profit in 3 years.
Why are we having to divert any of our pension increases for an inferior healthcare plan?
So UPS can make more money?
Are you sure H didn't get a dump truck full of $100's dumped on his driveway during negotiations?
That's how the OG rolls.