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Central States Pull-Out: The Proposed New UPS Pension Plan

October 17, 2007
October 17, 2007: The proposed tentative agreement would pull 44,000 full-timers out of the Central States Pension Plan and put them into a new UPS Plan. That was the company’s number one goal in bargaining. If this agreement is approved, how will it affect the benefits of UPS Teamsters in the Central States Fund, now and in the future? Benefit Levels The new plan would begin in January 2008. Under the new plan, Normal Retirement...

The Future Under a UPS Plan: A Smaller Pension

October 17, 2007
October 17, 2007: Management and some union officials are selling the UPS Pension Plan in the Central States areas on the basis that it offers unreduced 25- and 30-and-out benefits of $2,000 and $3,000 respectively. That’s true, but also a very short term gain. Looking into the future, this pension will pay less than Central States will pay, and far less than the Western Conference will pay. These are the two largest Teamster plans and...

Pension Grab Affects All Teamsters

October 17, 2007
October 17, 2007: By late November, we will know if UPS has succeeded in breaking out of the Teamster Central States Pension Plan. Big Brown’s pension grab affects hundreds of thousands of Teamsters at UPS and in at other Teamster employers, in the Central States and beyond. If UPS succeeds, 44,000 UPSers will be pulled out of the Central States and the historic union plan will be down to just 100,000 remaining active Teamsters, and...

The Facts About the Pension Protection Act

October 17, 2007
October 17, 2007: Rumors are flying about the Pension Protection Act, the pension legislation that starts to take effect on Jan. 1. Does the UPS contract have to be settled by Jan. 1 to head off benefit cuts and win pension improvements? Is a new round of pension cuts on the way? The answer is NO. TDU consulted with actuaries, attorneys and fund managers to cut through the rumors and provide members with the facts....

Download the Bulletin: UPS Pension Rumors, Pension Threats

October 09, 2007
UPS and some Teamster officials are spreading rumors about new pension legislation and our contract. Get the bulletin at MakeUPSDeliver.org. Click here to read the full story at MakeUPSDeliver.org.
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