Chicago Local 705 and UPS retirees have filed a class action lawsuit in federal court to try to stop UPS from raising the cost of retiree health care. UPS management recently raised retirees’ monthly payment for their health and welfare from $50 to $157.58 for a single retiree and $315.17 for a retiree and spouse.
The […]
Filed under: Health Fund, Pension News, news | Comments Off
Local 804 officials are responding to our report on the Health Fund by telling members that the Fund did not “lose” $18 million; it just “spent” $18 million more than it took in!
Accountants call that losing money-and so do the fund’s own financial reports. Local 804 members deserve more than word games-especially when our health […]
Filed under: Health Fund, news | Comments Off
While members’ eyes have been on our local’s pension problems, our Health Fund has lost at least half its assets in just five years.
Research by Local 804 Members United reveals that the Local 804 Health Fund has lost nearly $18 million since June 2003. Just five years ago, the Fund had more than $32 million […]
Filed under: Health Fund, news | Comments Off
When members hear that our Health Fund lost nearly $18 million or 55 percent of its assets from 2002 to 2007, the first thing they ask is: What happened to the money?
The first answer is Local 804 officials did not make sure there was enough money going into the plan. Healthcare costs are rising sharply. […]
Filed under: Health Fund, news | Comments Off
Our Local 804 Executive Board never reported to the membership that our Health Fund had lost nearly $18 million or that millions of dollars had been diverted from the Health Fund to the Pension Fund.
Local 804 Members United uncovered this information by reviewing the Fund’s own financial data as reported to the Department of Labor […]
Filed under: Health Fund, news | Comments Off
A Message from 804 Members United
On behalf of 804 Members United, I want to thank Local 804 members for standing up for positive changes in our bylaws.
Our union is stronger when members are informed and involved. That’s the direction we’re taking with the 804 Members United website: informing and involving members for a strong […]
Filed under: Health Fund, Pension News, news | Comments Off
[April 20] Members voted by more than 90 percent at today’s general membership meeting to pass two bylaws reforms proposed by 804 Members United.
Members voted by a 208 to 12 margin to require the Executive Board to give a report on our pension and health and welfare funds at every general membership meeting.
Members also voted […]
Filed under: Health Fund, Pension News, news | Comments Off
Vote Yes to Give Members the Right to More Contract and Pension Information
Local 804 members will vote at the April general membership meeting on bylaws changes that will put more pension and contract information in the hands of the membership.
Two thousand Local 804 members signed petitions in an overwhelming demonstration of support for these positive […]
Filed under: Health Fund, Pension News, news | Comments Off
