Would be surprised if it goes past the Group B flat dollar date of 12/31/27

Take a look at the agreement (2nd contract extension). In basic terms, the flat dollar benefit will still be in effect until 12/31/30. The flow chart explains this too. It is the same five year window that was closing on the 06 contract and turned the tide on "we can wait forever" to "sign this contract now!!" for the 2016 contract.

I believe we are talking about 2 totally different things.

I was referring to the date that Group 2, absent a new contract, automatically converts to flat dollar. Have we gone past this milestone date in the past?

With Contract Extension 2 there will be a 4% raise in 09/23. Thank you EB

Included was an “A” plan bump of 4.7%. Now the “flat dollar amount” a 60 year old + crew member will receive is (Years of Service) X $4400. Up from $4200/ Year of Service. A 25 years of service crew member will receive $110.000/year at full retirement date of age 60. It would be great if we, in the next contract could receive full vesting at 25 years like some of our cargo brothers and sisters get but our rates don’t top out till 30 years. A retiring crewmember with 30 years of service will receive in retirement after 30 or 30+ years of service $4400XYears of Service =$132,00/Year. Thank you EB.

Thank you EB for locking in gains while the Teamsters who represent the majority of UPS workers settle their contract late this summer. I think sometimes some of my coworkers put the cart ahead of the horse. The teamsters and their contract

I know there are peers of mine that say we should of “forced” UPS to make our schedules great and conceded us pay rates from contracts at other airlines that will have TA’s months/years in the future. I trust my EB.

To answer your question the timeline on negotiations with the TA(2) is negotiation starting 09/24. This is from the IPA Negotiations Timeline Slides

Crewmembers will receive a 3.25% raise additionally in 09/24 and 09/25. The 15 year Top Captan pay will be $367 in 09/23, $388 in 09/24 and $401 in 09/25.

I'm in that group 2, and the 2nd extension with its language gives the flat dollar to anyone who retires until five years after the amendable date in the extension with other qualifiers beyond that. The flow chart on our website is a valuable tool to see who is and isn't covered by flat dollar.
Reading the 2006 contract, it isn't apparent, but the flow chart had an expiration date for the flat dollar benefit. That expiration was December 2016 (five years after the 2006 contract was amendable). During the course of negotiations in the summer of 16, the NMB threatened to put us one ice over peak of 2016 to resume negotiations in 2017. Once it was discovered that the flat dollar was going to expire, pressure from the relatively large group the would have been exposed to FAE for whatever time it took to secure the contract into 2017 won over the "as long as it takes" crowd and the agreement came out in the fall of 2016. The 2016 and subsequent extensions more clearly define the windows of Flat Dollar.

The next round of real Section 6 negotiation will be brutal and drawn out for us. Fedex and us are the last pension holdouts, and what happens with Fedex will be worth watching. Pensions within UPS are terminated for every working group that does not have contractual protection (FQS and all ground managers). It is just business on their end, and they are out for blood in every area they can get it. The 2016 agreement gave them the language to be able to radically change scheduling practices without recourse from the IPA Scheduling Committee (13.O. was moved into the Fatigue Working Group from what was a powerful tool to eliminate pairing changes we have been seeing for the last few years) and they want to eliminate as much conflict as possible in whatever way they can. Health care cost will be a big one for them as well. Our want list is long too

A direct answer to you question, we have never been exposed to the situation you asked about. In 2016 we were staring at the end to the flat dollar for retirees in the beginning of 2017 and avoided that with the signing of of Contract 2016. Both extensions moved that window two years back with each extension.

Good for you that you are happy with bread crumbs. Probably one of those that will vote blindly yes on anything and also one of those that keeps harping “forget about scheduling/QOL improvements, never gonna happen, might as well take the money ‘cause UPS will find loopholes anyways “.

Thanx for ur time with that comprehensive explanation.

Excellent summary

Thanks for the great info! Is there a certain number of years you have to work prior to being vested in the A plan? I thought that Purple required 20 years…but not certain.

Vesting after 1 year. Say you only work 5 years, assuming you reach age 60, your pension will be $4,400 (FDA) x 5 = $22,000/year, assuming single life.