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Full-time UPS drivers will earn $170,000 a year, on average, in new contract, CEO says
(www.usatoday.com)
this post was submitted on 11 Aug 2023
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It’s nowhere near that. Their benefits are paid by the teamsters/dues. Their pay raises from their current top rate is here on page 41. https://teamster.org/wp-content/uploads/2023/08/UPDATED-ENGLISH-BLACKLINE-MASTER-TA-8.5.23.pdf
Man, that’s a lot of words. If I read it right, the base rate for a full time driver with more than 4 years in the position is $35.xx/hr. With most good benefits packages in the 20-40k range, and allowing for a few adjustments, I’m guessing that the 170k is probably something like 2600-3000 hours a year. Most 40hr jobs with benefits are only about 1850-1900 hours/yr, including holidays and paid leave.
It’s actually 40 something now. If you pull the UPS Teamsters National Agreement for 2018-2023 there’s cost of living language in there that put them over $40. So let’s call it $50, plus the $2.50 raise that was just negotiated is $52.50. $52.50x40=$2100.00 x 52 = $109,200. Factor in benefits if you’d like on top of that.
That’s about in line with what I figured. Iirc they are all hourly, not salaried, and there are (anecdotally) very few weeks that are under 40 hours. 170k less $30k in benefits (ex- my fam healthcare for 3 ppl costs me $22k/yr - add disability, life, retirement contributions…) is 140k in direct pay. At $50/hr, that’s 2800hrs.