Highlights of the National Master UPS Agreement, 2013-2018

• Highlights of the National Master UPS Agreement, 2013-2018

General Wage Increases

Full time wage increases:

Starting August 2013: 70 cents

Starting August 2014: 70 cents

Starting August 2015 70 cents

Starting August 2016 80 cents

(to be split with 40 cents on August 1

and additional 40 cents on February 1)

Starting August 2017 $1.00

(to be split with 50 cents on August 1 and

an additional 50 cents on February 1)

The full-time starting wage will increase to

$18.75 (it is currently $16.10).

Employees entering a package car driving,

feeder or other full time job on August 1, 2013

will have a 48 month progression.

Those currently in progression will continue

with the 36 month progression.

Part-time wage increases

Part-time employees will receive the same

general wage increases as full-time employees

(.70, .70, .70, .80, 1.00 –with the last two years

split).

The start rate for part-time employees will

increase to $11 for preloaders/ sorters and $10

for all others which is an increase of $1.50.

Part-timers currently in progression will

receive the GWI and make no less than what

they would be entitled to after new pay-rates

go into effect on August 1, 2013.

Pension

Forfull-time employees in theUPS/IBT pension

plan, the following enhancementswill be implemented:

Effective 1/1/2014:

• After 35 years and any age, retirement

benefits will be $3,700 per month (up from

$3,500)

• 30 or more years and any age will increase

to $3,200 per month plus $100/yr of service

up to $3700 (up from $3,000)

Effective 1/1/2017:

• 35 years, any age will be $3,900 per month

• 30 years at any age will be $3,400 per

month plus $100/yr of service up to $3,900.

Pension – part-time

For people in the UPS part-time pension plan,

retirement benefits any age after 35 years of

service will increase to $2,100 per month (up

from $1,925)

• After 30 years of service at any age will increase

to $1,800 per month (up from

$1,650)

• After 25 years at 60 years of age increases

to $1,500 per month (up from $1,375)

• Retirement at any agewith 25 years of service

increases to $1,250 permonth (up from

$1,125)

Part-timers in the UPS plan will now need

to work only 375 hours a year in order to become

a participant in the plan. A part-timer

must work 750 hours a year in order to receive

full vesting credit, but a part-timer will become

a participant in the plan after reaching age 21

and completing a 12 month period during which

they work 375 hours.