No he did not
And he's not my brother
I was pretty sure he was but my faux pas.
Anymore buyouts in the works?
A rumor I heard is that there won’t be buyouts. But UPS will offer retirement opportunities for people that are in the middle of five year milestones. Meaning….if you have 23.5 years you can retire with 25. Or 33 and retire with 35. And so on.
I hope it’s not true. Because that could put a huge strain on the pension fund if enough people take the offer. But many people (depending on their numbers) will opt out if they aren’t 55 yet. So, there’s that.
Would be better if UPS offered a bigger buyout. But I feel like that’s no longer on the table since UPS is surely about to be on the hook for $10-$50 million after lawsuits because of the plane crash.
A rumor I heard is that there won’t be buyouts. But UPS will offer retirement opportunities for people that are in the middle of five year milestones. Meaning….if you have 23.5 years you can retire with 25. Or 33 and retire with 35. And so on.
I hope it’s not true. Because that could put a huge strain on the pension fund if enough people take the offer. But many people (depending on their numbers) will opt out if they aren’t 55 yet. So, there’s that.
Would be better if UPS offered a bigger buyout. But I feel like that’s no longer on the table since UPS is surely about to be on the hook for $10-$50 million after lawsuits because of the plane crash.
UPS doesn't control.mist of thr pension plans like thr Central States.
Those guys got a good deal if they retired under this current contract
A rumor I heard is that there won’t be buyouts. But UPS will offer retirement opportunities for people that are in the middle of five year milestones. Meaning….if you have 23.5 years you can retire with 25. Or 33 and retire with 35. And so on.
I hope it’s not true. Because that could put a huge strain on the pension fund if enough people take the offer. But many people (depending on their numbers) will opt out if they aren’t 55 yet. So, there’s that.
Would be better if UPS offered a bigger buyout. But I feel like that’s no longer on the table since UPS is surely about to be on the hook for $10-$50 million after lawsuits because of the plane crash.
I know of two drivers in my center that would take that offer and 0 dollars. We have a 28 year driver and a 23 year that are over 55 and don't really need the up front money just the promise of that higher pension $$$
I know of two drivers in my center that would take that offer and 0 dollars. We have a 28 year driver and a 23 year that are over 55 and don't really need the up front money just the promise of that higher pension $$$
Rookies
UPS doesn't control.mist of thr pension plans like thr Central States.
Those guys got a good deal if they retired under this current contract
UPS would have to negotiate it with the IBT. It’s actually been done twice before. I didn’t know that until I heard the rumor. I believe it was 2018 and 2023. And were done after national votes.
UPS would have to negotiate it with the IBT. It’s actually been done twice before. I didn’t know that until I heard the rumor. I believe it was 2018 and 2023.
Personally I would take the upfront money
A rumor I heard is that there won’t be buyouts. But UPS will offer retirement opportunities for people that are in the middle of five year milestones. Meaning….if you have 23.5 years you can retire with 25. Or 33 and retire with 35. And so on.
I hope it’s not true. Because that could put a huge strain on the pension fund if enough people take the offer. But many people (depending on their numbers) will opt out if they aren’t 55 yet. So, there’s that.
Would be better if UPS offered a bigger buyout. But I feel like that’s no longer on the table since UPS is surely about to be on the hook for $10-$50 million after lawsuits because of the plane crash.
Pension rules would make that impossible
Pension rules would make that impossible
it’s been done before. Negotiated AFTER national votes.
UPS would have to negotiate it with the IBT. It’s actually been done twice before. I didn’t know that until I heard the rumor. I believe it was 2018 and 2023. And were done after national votes.
The union is not about to negotiate that in the middle of a contract.
as far as another buyout is concerned, no one knows anything for sure although the first one was really not that well received. By most reports the company got about 10% of the amount of people they wanted to take it.. if in fact, there was another buyout, it would make sense for the company to make it more attractive. So what makes sense and what they do are not always the same thing.
The union is not about to negotiate that in the middle of a contract.
as far as another buyout is concerned, no one knows anything for sure although the first one was really not that well received. By most reports the company got about 10% of the amount of people they wanted to take it.. if in fact, there was another buyout, it would make sense for the company to make it more attractive. So what makes sense and what they do are not always the same thing.
If it makes sense they ain't doin' it
it’s been done before. Negotiated AFTER national votes.
When was this? I’m not aware of any time The pension was made more attractive to retirees. I am aware of several times when it was made less attractive because of fundings.
The union is not about to negotiate that in the middle of a contract.
as far as another buyout is concerned, no one knows anything for sure although the first one was really not that well received. By most reports the company got about 10% of the amount of people they wanted to take it.. if in fact, there was another buyout, it would make sense for the company to make it more attractive. So what makes sense and what they do are not always the same thing.
The difference between a top rate driver and a new hire is over 115k
Just in year one.
The difference between a top rate driver and a new hire is over 115k
Just in year one.
At the buffet
The difference between a top rate driver and a new hire is over 115k
Just in year one.
Probably honestly more than that at least at my location This year with all the 9.5s
Under 4 year drivers are not as easily allowed to file those grievances as well as it’s more easily switched back-and-forth from Saturday to Monday. The company wants that flexibility.
The union is not about to negotiate that in the middle of a contract.
as far as another buyout is concerned, no one knows anything for sure although the first one was really not that well received. By most reports the company got about 10% of the amount of people they wanted to take it.. if in fact, there was another buyout, it would make sense for the company to make it more attractive. So what makes sense and what they do are not always the same thing.
It’s been done twice already. It’s called “window pensions”. In 2018, then again in 2023. The union agreed. If I heard correctly, both had to be voted on by members. But only those who were eligible received the separate ballots required. Both were after the national and supplements were concluded.
I would imagine the clowns in Atlanta would prefer that we had another round of window pensions. Especially since, as I said earlier, UPS is about to be on the hook for millions of dollars from lawsuits. A drop in the bucket in their eyes. But we all know how they will react even so.
Probably honestly more than that at least at my location This year with all the 9.5s
Under 4 year drivers are not as easily allowed to file those grievances as well as it’s more easily switched back-and-forth from Saturday to Monday. The company wants that flexibility.
Our paid time.iff is worh almost 20k
Log in to reply.