Central States - Voices for Pension Security - On Topic Please

[Tony Q]

Freight were mostly because their benefits weren't as good.

Now they, back then they wasn't. I had frieght guys busting my balls all the time over that.
But now most of this trucking companies are gone and we are left holding the bag...

I don't know about you guys but I'm glad I didn't stay in the freight business. I had jobs lined up in freight before I started at UPS. There are a lot of days I ponder what would have been if I stayed with one of those orphan companies.

 

[IVE GOTTA PACKAGE 4U]

I don't know about you guys but I'm glad I didn't stay in the freight business. I had jobs lined up in freight before I started at UPS. There are a lot of days I ponder what would have been if I stayed with one of those orphan companies.

I almost went to one of them about 20 years ago, glad I didn't...

 

[Tony Q]

Good. Let me know what you find out. I honestly don't remember the numbers from way back then.

Give me about a week and I'll have the freight. I just whipped out a Central Region UPS contract from 1973 to 1976. In 73 the contribution was $3.00 Health and Welfare with Pension at $3.00. 1974 was $2.50 Health and Welfare and 2.50 Pension. 1975 was the same as 1974.

 

[Tony Q]

I almost went to one of them about 20 years ago, glad I didn't...

I worked for one that closed the doors and opened them up about a year or so later and became Non- Union. These guys were making great coin back then.

 

[Tony Q]

This one is from a 1979 through 1982. Article 15 section 2 reads.


Effective May,1 1976, the Employer shall provide pension benefit coverage to part time employee under the terms and conditions as may be contained in the United Parcel Service Pension Plan as required by law.

 

[Tony Q]

Also in 1979 it was $41 a week for pension with $33.50 a week for health and welfare. @Gumby I'll do some more investigative work at a later date. I ran out of time! Can't wait to look at the freight contracts.

 

[IVE GOTTA PACKAGE 4U]

Also in 1979 it was $41 a week for pension with $33.50 a week for health and welfare. @Gumby I'll do some more investigative work at a later date. I ran out of time! Can't wait to look at the freight contracts.

I remember $50 for pension.

 

[rod]

Or you could go the old reverse mortgage route.

Biggest rip off going unless you hate your kids.

 

[Old Man Jingles]

Biggest rip off going unless you hate your kids.

Agreed!
It might be the right vehicle for some but these sleezeballs are making huge profits off the elderly.

 

[Tony Q]

Biggest rip off going unless you hate your kids.

Desperate times call for desperate measures. I agree with you by the way.

 

[35years]

For a Teamster? Yes you are correct.
My pension funds weren't used to finance Las Vegas casinos and other Mafia scams.
I relied on UPS, not the Teamsters, so I reap the benefits.

Casinos...no.
Offshore tax evasion scams built your pension.

 

[PT Car Washer]

Casinos...no.
Offshore tax evasion scams built your pension.

Until Castro nationalized all the money.

 

[Old Man Jingles]

Casinos...no.
Offshore tax evasion scams built your pension.

SMH
Maybe 1% but that's stretching it.
Try again!

I can tell you aren't much of a skeptical thinker.

 

[35years]

SMH
Maybe 1% but that's stretching it.
Try again!

I can tell you aren't much of a skeptical thinker.

20% growth for decades makes a pension healthy.
Born at the right time...early baby boomer.

Growth equals prosperity for companies and countries if they don't mess it up with ideologies.

That probably fits you thinking better..But the offshore corp didn't hurt.

Or how about this for an idea...Buy planes (taking the write off) then lease them back to yourself under a different umbrella and take a tax break for paying yourself interest...

They were masters at stealing money (kind of) legally, don't you agree?.

 

[Old Man Jingles]

20% growth for decades makes a pension healthy.
Born at the right time...early baby boomer.

Growth equals prosperity for companies and countries if they don't mess it up with ideologies.

That probably fits you thinking better..But the offshore corp didn't hurt.

Or how about this for an idea...Buy planes (taking the write off) then lease them back to yourself under a different umbrella and take a tax break for paying yourself interest...

They were masters at stealing money (kind of) legally, don't you agree?.

Legally ... sure.
Your example was the Thrift Plan and included almost every operational building.
Even OPL was ruled legal but after UPS closed OPL down.

 

[35years]

Legally ... sure.
Your example was the Thrift Plan and included almost every operational building.
Even OPL was ruled legal but after UPS closed OPL down.

Yep.
"ruled" legal.
I am aware the planes were the thrift plan...
Who knows all the tricks they played.

How about this one...
Pressure drivers for production to the point that they will skip break.
Then subtract unpaid break from their paycheck anyway.
Sound familiar?
Not so legal was it?
But only rectified in California.
That's OK, the bible says it is a sin crying out to God for vengeance.
No one gets away with it eternally.

Union or Company, it is all about lining the pockets of the ones on top.
God is not a fool, or blind.

 

[Old Man Jingles]

Yep.
"ruled" legal.
I am aware the planes were the thrift plan...
Who knows all the tricks they played.

How about this one...
Pressure drivers for production to the point that they will skip break.
Then subtract unpaid break from their paycheck anyway.
Sound familiar?
Not so legal was it?
But only rectified in California.
That's OK, the bible says it is a sin crying out to God for vengeance.
No one gets away with it eternally.

Union or Company, it is all about lining the pockets of the ones on top.
God is not a fool, or blind.

LOL
Thank you Preacher Man.

 

[1989]

How about a head tax? Similar to what Seattle wants to do. They say @ $500 an employee, that amazon will owe $20 million a year.

Charge maybe $500 a year for retirees. $1200 a year on participants/employers.

I sure beats insolvency.

 

[Turdferguson]

Legally ... sure.
Your example was the Thrift Plan and included almost every operational building.
Even OPL was ruled legal but after UPS closed OPL down.

I've got about 35 cents in the unclaimed property site of Kentucky from OPL

 

[burrheadd]

Casinos...no.
Offshore tax evasion scams built your pension.

Guess you’ve never heard of Roy Williams