Common use of HEALTH AND WELFARE AND/OR PENSION Clause in Contracts

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "buying" uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 2018, the one dollar ($1.00) per hour effective August 1, 2024 2019, the one dollar ($1.00) per hour effective August 1, 2025 2020, the one dollar ($1.00) per hour effective August 1, 2026 2021 and the one dollar ($1.00) per hour effective August 1, 2027 2022 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, each year within the Western Region in accordance with Article 34 of the National Master Agreement.

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "buying" uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 20182013, the one dollar ($1.00) per hour effective August 1, 2024 20192014, the one dollar ($1.00) per hour effective August 1, 2025 20202015, the one dollar ($1.00) per hour effective August 1, 2026 2021 2016 and the one dollar ($1.00) per hour effective August 1, 2027 2022 2017 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region in accordance with Article 34 of the National Master Agreement.

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "“buying" ” uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s employees first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 20182013, the one dollar ($1.00) per hour effective August 1, 2024 20192014, the one dollar ($1.00) per hour effective August 1, 2025 20202015, the one dollar ($1.00) per hour effective August 1, 2026 2021 2016 and the one dollar ($1.00) per hour effective August 1, 2027 2022 2017 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region in accordance with Article 34 of the National Master Agreement.

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "“buying" ” uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s first date of hire. If and when this period is completed, the full standard contribution con- tribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum max- imum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 20182013, the one dollar ($1.00) per hour effective August 1, 2024 20192014, the one dollar ($1.00) per hour effective August 1, 2025 20202015, the one dollar ($1.00) per hour effective August 1, 2026 2021 2016 and the one dollar ($1.00) per hour effective August 1, 2027 2022 2017 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region in accordance with Article 34 of the National Master Agreement.

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "buying" uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s employees first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 20182008, the one dollar ($1.00) per hour effective August 1, 2024 20192009, the one dollar ($1.00) per hour effective August 1, 2025 20202010, the one dollar ($1.00) per hour effective August 1, 2026 2021 2011 and the one dollar ($1.00) per hour effective August 1, 2027 2022 2012 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region as thirty-five cents ($0.35) per year to Health and Welfare and sixty-five cents ($0.65) per year to Pension in accordance with Article 34 of the National Master Agreement.following manner:

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "“buying" ” uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Pen- sion Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement Agree- ment shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 2018, the one dollar ($1.00) per hour effective August 1, 2024 2019, the one dollar ($1.00) per hour effective August 1, 2025 2020, the one dollar ($1.00) per hour effective August 1, 2026 2021 and the one dollar ($1.00) per hour effective August 1, 2027 2022 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region in accordance with Article 34 of the National Master Agreement.

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "“buying" ” uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s employees first date of hire. If and when this period is completed, the full standard contribution con- tribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum max- imum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 20182008, the one dollar ($1.00) per hour effective August 1, 2024 20192009, the one dollar ($1.00) per hour effective August 1, 2025 20202010, the one dollar ($1.00) per hour effective August 1, 2026 2021 2011 and the one dollar ($1.00) per hour effective August 1, 2027 2022 2012 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region as thirty-five cents ($0.35) per year to Health and Welfare and sixty-five cents ($0.65) per year to Pension in accordance with Article 34 of the National Master Agreement.following manner:

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "buying" uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 2018, the one dollar ($1.00) per hour effective August 1, 2024 2019, the one dollar ($1.00) per hour effective August 1, 2025 2020, the one dollar ($1.00) per hour effective August 1, 2026 2021 and the one dollar ($1.00) per hour effective August 1, 2027 2022 set forth in National Master United Parcel Service Agreement Article 34 - Health & Welfare and Pension shall be allocated, to the extent available pursuant to Article 34, allocated each year within the Western Region in accordance with Article 34 of the National Master Agreement.

HEALTH AND WELFARE AND/OR PENSION. The Union is willing to entertain the concept of "“buying" ” uniform pension contribution language contingent upon the actual cost of said language. The Employer will provide this information to the Union within six (6) months from the ratification date of this Agreement. It is agreed that should the Western Conference of Teamsters Pension Pen- sion Trust Fund modify contribution rules during the life of this Agreement, the Employer and the Union shall meet and negotiate a fair and equitable resolution to allow United Parcel Service and the Union to participate and share in cost savings that might occur as a result of such modifications. For probationary employees hired on or after August 1st, 2002, the Employer shall pay an hourly contribution rate of ten cents ($0.10) (including $0.01 for PEER/80 for full-time employees and PEER/84 for part-time employees) during the probationary period as defined in Article 4, Section 1, but in no case for a period longer than the first ninety (90) calendar days from an employee’s first date of hire. If and when this period is completed, the full standard contribution rate shall apply. Contributions shall be calculated on the same basis as described in this Article. Pension contributions payable into the Western Conference of Teamsters Pension Trust Fund on account of each part-time and full-time employee of the bargaining unit shall be paid for each hour for which compensation was paid (all compensable hours) up to a maximum of 2080 hours per calendar year. The respective Riders and/or Addendums signatory to this Agreement Agree- ment shall reduce to writing the agreed to method for each Rider and/or Addendum which funds the increased pension benefit of all part-time and full-time employees being paid for each hour for which compensation was paid (all compensable hours) up to a maximum max- imum of 2080 hours per calendar year. The one dollar ($1.00) per hour effective August 1, 2023 20182023, the one dollar ($1.00) per hour effective August 1, 2024 20192024, the one dollar ($1.00) per hour effective August 1, 2025 20202025, the one dollar ($1.00) per hour effective August 1, 2026 2021 and the one dollar ($1.00) per hour effective August 1, 2027 2022 set forth in National Master United Parcel Service Agreement Article 34 - 34—Health & Welfare and Pension Pen- sion shall be allocated, to the extent available pursuant to Article 34, each year within the Western Region in accordance with Article 34 of the National Master Agreement.