REFORM PLAN FOR Central States Pension Plan

[Catatonic]

They had to do the buyout before the law took effect in 2008.

What law are you referring to?

That is what I heard too. I think it was the same bill that is causing those "funded" letters every year.

Pension Protection Act of 2006

 

[upschuck]

Pension Protection Act of 2006

Sometimes you are a bit helpful.

 

[Catatonic]

Sometimes you are a bit helpful.

Damn!

 

[Turdferguson]

Damn!

Ban him!!!!

 

[Catatonic]

Ban him!!!!

He said if I did that, he would give me warts.

 

[upschuck]

He said if I did that, he would give me warts.

He meant ban you.

 

[Turdferguson]

He said if I did that, he would give me warts.

He is bluffing.

 

[reydluap]

AHHH MUG, I GET IT!

Thank you.

I STAND CORRECTED. In my Center, everyone thinks (thought) the same thing that I stated. I will share your explanation with them.

Once again, THANK YOU brother Teamster.

 

[Sportello]

Pension Protection Act of 2006

The Kline-Miller Pension Reform Act of 2014 is what allows the CSPF to cut benefits to existing retirees. That was NOT allowed under the 2006 Act.

 

[Catatonic]

The Kline-Miller Pension Reform Act of 2014 is what allows the CSPF to cut benefits to existing retirees. That was NOT allowed under the 2006 Act.

I think they were replying to the ability to buy UPS out of the CSPF which had to be done prior to Jan 1, 2008 which is when the Pension Protection Act of 2006 took effect.

 

[Sportello]

I think they were replying to the ability to buy UPS out of the CSPF which had to be done prior to Jan 1, 2008 which is when the Pension Protection Act of 2006 took effect.

That is correct. I was just clarifying the current situation of severely reduced pensions for Central State retirees, which was made possible by Kline-Miller.

 

[Catatonic]

That is correct. I was just clarifying the current situation of severely reduced pensions for Central State retirees, which was made possible by Kline-Miller.

Those bastards!

 

[Mugarolla]

That is correct. I was just clarifying the current situation of severely reduced pensions for Central State retirees, which was made possible by Kline-Miller.

The good of the many outweigh the good of the few.

Congress is sacrificing those in the CSPF to keep the PBGC from going bankrupt.

Right or wrong, it is what it is, unless it is changed.

 

[brownmonster]

The good of the many outweigh the good of the few.

Congress is sacrificing those in the CSPF to keep the PBGC from going bankrupt.

Right or wrong, it is what it is, unless it is changed.

Same with Social Security. We could do some,slight adjustments now to save it later but nobody wants to sacrifice.

 

[Sportello]

The good of the many outweigh the good of the few.

Congress is sacrificing those in the CSPF to keep the PBGC from going bankrupt.

Right or wrong, it is what it is, unless it is changed.

Benefits wouldn't be that much different under the PBGC. Airlines and steel took all the money from the PBGC, not Teamsters.

It's enough to make you support Bernie Sanders.

 

[WhatsUP]

If Government retirees took a %10 cut in Pensions they could bail out the PBGC easily. The government is broke but they continue to pay themselves large pensions for life.

 

[PT Car Washer]

If Government retirees took a %10 cut in Pensions they could bail out the PBGC easily. The government is broke but they continue to pay themselves large pensions for life.

If CSPF employees had taken a 10% cut 20 years ago instead of a "vote for me and I will raise your pension" CSPF retirees would not be where they are today.

 

[WhatsUP]

You must be one of those people in the new UPS plan

 

[PT Car Washer]

You must be one of those people in the new UPS plan

No, the old UPS plan.

 

[WhatsUP]

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