![]() For its part, UPS says it contributes more than $23,000 a year to each full-time employee’s pension plan.Īs for medical insurance, Stutzman doesn’t give an estimate - but a survey commissioned by the Kaiser Family Foundation found the average annual premiums for employer-sponsored health insurance in 2022 were $7,911 for single coverage and $22,463 for family coverage. “One of the other things that a lot of people don’t take into consideration is our medical insurance and our pension.”Īccording to Stutzman’s breakdown, average pension contributions would account for an additional $24,960 a year. “It’s also not the important part we’re missing here. “But that’s not including overtime,” Stutzman pointed out. Using the same formula, working 40 hours a week at $49/hour would pay just shy of $102,000 annually. He then multiplied that hourly rate by 2,080 hours (40 hours a week) to reach annual pay of about $92,000. In the clip, which was posted before the contract was ratified, Stutzman claimed he was making $41.51, but under the new terms his pay would increase to $44.26 an hour - which aligns with the $2.75 increase in 2023 in announced by the Teamsters. TikTok user Skyler Lee Stutzman, who says he’s a driver for the parcel company, took to the video-sharing platform to set the record straight in a viral video that has been viewed nearly 20 million times. When the new contract was first proposed, some people balked over the suggested $170,000 annual pay - especially on social media. ![]() Here's how UPS driver sets the record straightĭuring a recent earnings call, UPS CEO Carol Tomé said the average full-time driver will earn around $170,000 annually in pay and benefits by the end of the five-year contract. Read more: Thanks to Jeff Bezos, you can now use $100 to cash in on prime real estate - without the headache of being a landlord. We will continue to fight like hell to enforce this contract and make sure UPS lives up to every word of it over the next five years.” “There are more gains in this contract than in any other UPS agreement and with no givebacks to the company. “This is the richest national contract I’ve seen in my more than 40 years of representing Teamsters at UPS,” said Teamsters General Secretary-Treasurer Fred Zuckerman. The contract will also create 7,500 new full-time union jobs at UPS and the fulfillment of 22,500 open positions, giving more opportunities for part-timers to transition to full-time work. Under the new contract, existing full- and part-time UPS workers (in the Teamsters union) will get $2.75 more per hour in 2023 - and over the length of the contract, wage increases will total $7.50 per hour.Įxisting part-timers will get an immediate pay bump to at least $21 per hour and wage increases for full-timers will improve the average top rate of delivery drivers to $49 per hour over the course of the deal. Here’s what the landmark contract looks like - and what one UPS driver has to say about the CEO’s claim. This is the template for how workers should be paid and protected nationwide, and nonunion companies like Amazon better pay attention.” “Teamsters have set a new standard and raised the bar for pay, benefits and working conditions in the package delivery industry. This contract will improve the lives of hundreds of thousands of workers,” said Teamsters General President Sean M. “Our members just ratified the most lucrative agreement the Teamsters have ever negotiated at UPS. (They’re all outside of the stock market.) Worried about the economy? Here are the best shock-proof assets for your portfolio. Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. Here's how to diversify your portfolio without the headache of being a landlord Don't missĬommercial real estate has outperformed the S&P 500 over 25 years. The Teamsters union, which represents about 340,000 UPS workers, voted by an overwhelming 86.3% to ratify the new contract, which will raise wages for full- and part-time UPS workers, create more full-time jobs and secure workplace protections, like air conditioning in delivery trucks. Unionized UPS workers have accepted a new five-year contract that the company’s CEO claims will see delivery drivers earn an average of $170,000 in annual pay and benefits by the end of the five years. 'Amazon better pay attention': UPS CEO says delivery drivers will earn $170K annually in newly ratified 'historic' contract - but this worker says that's 'a bit of an exaggeration'
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |