Maybe it's because I am still in progression that I haven't received one?
After 5 years of service you will get $105 / yr of service
$105.00 per year with the cap lifted after 30 years... Before it stop after 30 years. Now $105.00 per year no matter how many years you work. Glad I already have 30 years. $105.00 is a joke...
Yes but as you know some of us are grandfathered with the pension formula we have always had which is good. I am looking at $4700.00 per month with 30 years of service, if I were to work over 30 years would I still get an additional $105.00 per month added to my 30 year formula?
Yes, indeed I know and am thankful. But the ones starting out won't be as lucky as us. But then they have future contracts to get it increased...
Yes, but $3150 per month with contract increases is not a bad deal either. We live in a time where pensions are a benefit of the past. More and more companies are terminating their pension plans. This should be the employees main focus at every contract negotiation. This is one benefit you never want to give up.
I think as hard as we work and the danger involved UPS could come up with something close to what Overnite offered. But there are future contracts...