Local 391 recently held meetings to review details of the tentative UPS contract at its regular monthly membership meetings in Greensboro and Raleigh.

"It was important for us to give the members the opportunity to hear firsthand what ocurred in our negotiations with the company," said Local 391 President Mike McGaha. "I was pleased to lay out a package that sets a solid financial foundation for our members and their families."

Here are some of the economic highlights of the proposed contract:

• UPS Teamsters will continue to receive their health insurance without paying for premiums.
• Over the term of the five year agreement, based on a 46 hour workweek with wages compounded from the first general wage increase through the last, a full-time driver will earn over $25,000 more over the course of this new Agreement than they did during the current Agreement.

• Full time wage increases:

2013: 70 cents

2014: 70 cents

2015: 70 cents

2016: 80 cents (to be split with 40 cents on August 1 and additional 40 cents on February 1)

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).

Pension – full-time

• For full-time employees in the UPS/IBT pension plan, the following enhancements will 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 age with 25 years of service increases to $1,250 per month (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.