March 25, 2011: For three years 44,000 full-time UPS workers in the Central and Southern regions and the Carolinas have been in a pension plan which is so secretive that it didn’t even have a website. Now it does.
UPSers formerly in the Central States plan can now go here and, by using their company ID #, access their own pension information on this company-run site. That’s an improvement.
The plan is still highly secretive, with no financial reports for members.
But we do know it is the cheapest pension plan which full-time UPSers participate in. If a UPS Teamster takes a leave from UPS to work for the union, the union pays UPS just $25 per day to cover the cost of this plan. But in the East and West and Chicago, and in other pension plans, UPS pays at least $60 per day toward UPSers pensions.
And UPS Teamsters in the West, in New York, in New England, Washington D.C. and elsewhere get better pensions.