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  1. #21
    I Am Rocking Now

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    Retired New Penn
    Location
    Northeastern PA
    Posts
    25,298
    Rep Power
    364

    Default Re: UPSF sold to TFI

    ups freight update: Upsf/tfi pension communications

    the following memoranda was sent today to all teamster local unions representing ups freight members from kris taylor, ups freight coordinator, teamsters package division

    this is to inform you that we received the below information from ups freight concerning pension issues. Please advise your membership accordingly. We will pass on any additional information as we receive it.

    At the end of april with the close of the sale, upsf employees will receive general communications letting them know that the pension calculations while employed with ups are being prepared.
    Included in the april communications will be an updated copy of the summary plan description.
    By august employees will start receiving individualized pension statements with their deferred vested benefit, yos and pension credit.
    Employees will continue to have access to the pension calculator in upsers.com, up to the point when tfi transitions/transfers all the employees into their hr systems.

    https://teamster.org/2021/03/ups-fre...c90cvmu4qoa7bg

  2. #22
    I Am Rocking Now

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    Retired New Penn
    Location
    Northeastern PA
    Posts
    25,298
    Rep Power
    364

    Default Re: UPSF sold to TFI

    https://teamster.org/wp-content/uplo...eesApril22.pdf

    Date to be given: As soon as possible
    For: All UPS Freight Union Employees
    Introduction
    With the approaching close of the transaction, we’re excited to share what can be
    expected after the close of the sale on April 30.
    To pave the way for a smooth integration, we’re operating business as usual for many
    of our processes in the near term. However, as we integrate with TFI International, we
    may harmonize our policies, processes and systems.
    Your health and welfare benefits, such as medical, dental, vision, life and disability, all
    remain the same for the rest of the plan year. As in years past, benefit elections for
    2022 will be available in the fall.
    But for now, here’s an overview of what to expect:
    Key Messages
    Teamsters 401(k) plan
    ● Participation in the Teamster-UPS National 401(k) Tax Deferred Savings Plan will
    cease at transaction close date (no deferrals to be made for pay period beginning
    April 25). TFI International will be offering you a new 401(k) plan through
    Prudential. Enrollment elections in the new plan can be made from May 3, 2021
    through June 2, 2021. You will need to enroll in the new 401(k) plan by May 7,
    2021 at 4 p.m. EST if you would like deductions to continue in your first paycheck
    with TFI. If you do not enroll or opt out of the plan within 30 days, you will be
    automatically enrolled at 3%.
    ● You will also have the opportunity to roll over any balance you have in your UPS
    401(k) plan to your new Teamsters TForce Freight 401(k) plan during this special
    enrollment period. If you roll over your loan to the TFI 401(k) plan, your loan
    payments will continue to come out of your paycheck. If you have a loan currently
    and choose not to roll your balance into the new TFI plan, you will be required to
    set up direct payment through an ACH with Prudential or else your loan will be
    defaulted.
    You will receive a letter from Prudential with details on how to enroll soon.
    IAM 401(k) plan
    ● If you are a Union member participating in the IAM 401(k) Plan, you will not have
    a new 401(k) plan. You will continue to participate in the IAM 401(k) Plan that you
    are in today.
    Paychecks
    ● Paychecks will be issued on the same frequency, but they will have the TForce
    Freight logo on them. Deductions for United Way and DESPP will stop on April 30.
    Hourly Rate and Vacations
    ● For union-represented UPS Freight employees, all terms and conditions such as
    pay, healthcare, vacation hours and retirement will stay the same.
    Pension
    ● Per the collective bargaining agreement, you will cease to accrue benefits in the
    UPS Pension Plan as of the transaction close date. TFI International will establish a
    new plan consistent with the terms of the collective bargaining agreement effective
    as of the transaction closing date.
    UPSers.com Access
    ● At the time of close, current employees will have access to all of the information
    needed including the “View Your Paycheck” option and the Benefits Service
    Center. UPS Company news and other UPS-specific items will not be visible to
    TForce Freight employees.
    Website
    ● The TForce Freight website will launch on Day One and can be found at
    www.tforcefreight.com.
    Uniforms
    ● TForce Freight uniforms have been shipped to all service centers but should not be
    worn prior to May 3. They will be distributed soon. UPS uniforms will need to be
    returned to service centers prior to May 14. The new uniform will consist of the
    TForce Freight shirt and your current UPS-issued pants/shorts.
    Equipment and Buildings
    ● UPS Freight equipment and signage at buildings will be rebranded in a phased
    approach.
    Conclusion
    Many Questions and Answers are posted on UPSers.com about other aspects of the
    transition. Check out Local News on UPSers.com for more information.
    As more information becomes available, it will be shared. If you have other questions,
    reach out to me or anyone on our management team.
    Last edited by crazy; 04-23-2021 at 06:12 PM.

  3. Thanks 1484-1075, Docker thanked for this post
  4. #23
    Having Fun Now

    Join Date
    Oct 2010
    Local Union
    662
    Employer
    UPGF
    Location
    Up North,....
    Posts
    949
    Rep Power
    195

    Default Re: UPSF sold to TFI

    And therein ends what could have been a successful freight company.

  5. #24
    On A Mission

    Join Date
    Oct 2009
    Local Union
    N/A
    Employer
    N/A
    Posts
    15,105
    Rep Power
    960

    Default Re: UPSF sold to TFI

    The Canadian company was to take over on Monday. They will still be dealing with UPS Freight labor guy for awhile. A one of their drivers told me this.

 

 
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