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Knowledge is key, Experience is power.
So according to him our #1 issue was $5. Dude must be so proud delivering all day feeling good like "damn $5 I'm so happy nothing in the world can bother me".
Informative video about why the current contract proposal sucks
- Thread starter mikejonesjr
- Start date
We have a Roth 401k.
I think Tony is trying to say that the incumbents will try to violate article 19 of the constitution. I’m sure J diGenova will be notified in advance. Thanks for the heads up Tony!
Sorry won’t happen again
DriveInDriveOut
Inordinately Right
I think he meant the company contributing or matching our 401k's. He probably isn't aware employers can only contribute with traditional pretax money, not roth.
He has a point though. Of course, the union would never negotiate any of our retirement money out of their hands. A lot of us young guys see the money as a total throw away. Not counting on it.
A guaranteed pension is one of the biggest selling points for unionization. Get rid of pensions and you will see the already steady decline in union membership accelerate. Once the union is gone you can kiss goodbye to the all things we take for granted like industry leading wages, healthcare job protections, etc.. But hey, maybe we'll still have that 6% match!
DriveInDriveOut
Inordinately Right
I'm all for that, but why are they increasing payouts when plans are failing? It's good money after bad. Baby boomer retirements are gonna drain them dry and no one cares.
Great, we're increasing company contributions.... And then we're increasing payouts lol. Sorry if I don't view a benefit I'll likely never get as a good thing.
The increased payout in only in the single employer company plan which was 100% funded last time I checked, and the increased payout basically keeps pace with inflation. A lot of the multi employer plans (mine included) have been reducing their accrual/payouts.
CoffeeStainedUniform
Well-Known Member
I am proud to be a union member in a right to work state. "Union leading wages etc." are worth every cent of my dues.
I just don't have faith in the infants growing up to run the union in 25 years or the 5 year olds who will be legislating my income on the government end. This contract goes a long way to make the Union strong but not necessarily the drivers who are in it.
I'm in a RTW state as well but I'm not sure I really understand this argument. A strong union is essential if we want to maintain bargaining power.
mikejonesjr
Well-Known Member
Do you pay dues in a RTW state?
CoffeeStainedUniform
Well-Known Member
Yes, voluntarly.
The union could be effective in all it's roles and let it's members recieve match in a 401k as opposed to a pension.
You put that beautifully. People don't understand how good they have it till its history.
CoffeeStainedUniform
Well-Known Member
Why is a pension the lynchpin for a strong union?
Only he knows what laws he has violated and some other people as well. What was okay when he did it will be judged down the road. Three years is a long time. When it's all said and done Fred could end up being the man again and the rightful GP of the Teamsters. You do know Fred beat your guy, right?
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It's a big selling point for organization. Possibly the biggest.
Its a defined benefit that helps the members save for retirement. Some people are good with money and some aren't. Pensions are a God send to a lot of men and women in this country. A lot of them are in crises now.
CoffeeStainedUniform
Well-Known Member
Only because that is the primary focus of the union. The union is worth every penny just for the contracts. As much heat as they get, they do a very good job.
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