Don’t be afraid to contact your Local Union for information on the UPS contract proposal. Here in Denver that’s Teamsters Local 455 and in the rest of Colorado, it’s Local 17. Local 455 is headed by West Region VP Steve Vairma and some of the BA’s were on the national negotiating committee. so they know what they’re talking about.
Local 455 website or Facebook or 303-458-1600.
Local 455 members ponder the proposal from UPS. More pictures at photos
Daily Archives: May 27, 2013
Hump and Dump
All Pensions Not Created Equal
On Jan. 1, 2014, the 30 & Out benefit will go to $3,900/month. On Aug. 1, 2017, the 30 & Out benefit will go to $4,000/month. The 25-at-age-55 benefit will also go up to $3,900/month and $4,000/month on those dates. The current 30 & Out and 25-at-age-55 benefit is $3,600/month. On Jan. 1, 2014, the 25 & Out pension will go to $3,400/month and on Aug. 1, 2017, the 25 & Out pension will be increased to $3,500/month. The current 25 & Out benefit is $3,100/month. These increases will be voted in at a special meeting of the Pension Fund trustees. The Pension Fund’s actuaries did a study and have reported that the Fund can afford to pay these increases and continue on the path to get into the Green Zone on schedule. Click here to read signed Letter of Intent by the UPS Pension Fund Trustee that spells out the pension fund improvements that the Company Trustee will support.
Local 804 has won the biggest pension increases in the country, including a written agreement on the pension increases that will be approved by the Pension Fund trustees when the contract is ratified.