Retiring with APWA

[705red]

HEY red. Are you a business agent afraid that if the APWA takes over, you will lose your job and fantastic pension that the Teamsters provide to you, while we are losing our pension. For your information, the UPS pilots broke away from the Teamsters and started their own union (IPA). They are no longer get ripped off by the Teamsters. They have better pension and wages now than the Teamsters ever negotiated for them.

No mam im a package car driver who would like to be informed, but you apwa cheerleaders (minus cole) keep dodging the questions and spew lies, you still havent answered my question, how will the apwa fix it?????????????????????????????????????????????????????????????

 

[Bill]

HOW WILL THE APWA FIX IT?

Is that the best you can do? The Teamsters can't fix the pension. That is a given.
Let 's assume that everything is equal. UPS contributes an arbitrary amount of money into the pension plan. Currently, the Teamsters have obligations to pay retirees from many companies (this is known as a multi-pension plan). There are twice as many retirees as active participants. Simply put, there are roughly 2 retirees for every contributing employee. There is no way any fund can sustain this ratio. UPS money is going to employees of other companies, and we are left with 40% of what UPS contributes annually. Now we have the APWA, a single pension plan that receives and invests the pension money for only UPS employees. We receive 100% of the UPS pension money. Currently, there are roughly 6 active UPS participants to every one UPS retiree. ( You can call Central States and verify this is you choose to, but you probably won't, because you are afraid of the truth. ) This percentage is much more favorable than the Teamster's failing plan. This is just common sense. Now I pose a question to you: What are the Teamsters doing that benefits its members? How are they correcting this pension debacle? Please give me facts (if you have any) where I can verify them. I don't want yours or anyone else's opinion. Opinions are cheap and mean nothing.

 

[Bill]

No mam im a package car driver who would like to be informed, but you apwa cheerleaders (minus cole) keep dodging the questions and spew lies, you still havent answered my question, how will the apwa fix it?????????????????????????????????????????????????????????????

I just answered it. See thread # 82

 

[Bill]

No mam im a package car driver who would like to be informed, but you apwa cheerleaders (minus cole) keep dodging the questions and spew lies, you still havent answered my question, how will the apwa fix it?????????????????????????????????????????????????????????????

If you are a package car driver, are you in Central States. If so, do you want to or can you work until the age of 65 delivering packages. Not everyone can get a feeder position.

 

[krash]

 

[pkgdriver]

The ups pilots arent the only ones in that union, it was already established and proven.

705red please elaborate...links...articles...etc

 

[Cole]

705,

I posted these links on the other thread, because in one of these APWA/IBT threads, I mentioned the past 'mishandling' (putting it mildly) of pension monies by CS, and I am pretty sure you wanted proof etc...so that is why I posted there, and am putting it here too Also so people know what has happened before.
The Smoking Gun: Archive

Central States, Southeast, Southwest Areas Pension Fund

Quote:
Once nicknamed "the mob's bank," the Teamsters Union's Central States, Southeast, Southwest Areas Pension Fund, based in Chicago, played a major—and infamous—role in the rapid expansion of the Las Vegas hotel-casino industry following World War II.

Even more interesting:
Cover Stories | www.sdreader.com


Quote:
In 1964, he added, the Teamsters made their first La Costa loan: $4 million. Before they were done in 1987, the Central States pension fund had pumped more than $97 million into La Costa and the partnership.
Quote:
The union's trustees were his toadies; the employer trustees, usually trucking company owners, feared strikes and slowdowns if they lifted a finger against Hoffa."

I am trying to be fair, but the misconduct of the past has imho alot to do with the problems w/CS today.

 

[krash]

Cole,
Was the loan paid back with interest?

 

[over9five]

"Unless of course ups will give us the office space "

They just might. After all, Apwa is a UPS subsidiary!

 

[30andout]

There are a lot of spaces that can be rented for meetings. I think that would be a lot smarter than having a huge plush union hall that the BAs could hide out in. Oh ya maybe they would out in the field more doing their jobs.

 

[705red]

There are a lot of spaces that can be rented for meetings. I think that would be a lot smarter than having a huge plush union hall that the BAs could hide out in. Oh ya maybe they would out in the field more doing their jobs.

Where would the members go to see their agents? Where would the grievane panels be? How much money will we spend on rental spaces?

 

[705red]

Is that the best you can do? The Teamsters can't fix the pension. That is a given.
Let 's assume that everything is equal. UPS contributes an arbitrary amount of money into the pension plan. Currently, the Teamsters have obligations to pay retirees from many companies (this is known as a multi-pension plan). There are twice as many retirees as active participants. Simply put, there are roughly 2 retirees for every contributing employee. There is no way any fund can sustain this ratio. UPS money is going to employees of other companies, and we are left with 40% of what UPS contributes annually. Now we have the APWA, a single pension plan that receives and invests the pension money for only UPS employees. We receive 100% of the UPS pension money. Currently, there are roughly 6 active UPS participants to every one UPS retiree. ( You can call Central States and verify this is you choose to, but you probably won't, because you are afraid of the truth. ) This percentage is much more favorable than the Teamster's failing plan. This is just common sense. Now I pose a question to you: What are the Teamsters doing that benefits its members? How are they correcting this pension debacle? Please give me facts (if you have any) where I can verify them. I don't want yours or anyone else's opinion. Opinions are cheap and mean nothing.

Thanks for taking the time to explain what you had on your mind. But that still doesnt fix the problems for us who are currently vested in the plan, or the retirees who are collecting payments. I have heard about some plans but theres nothing set in stone. All we have are opinions on both sides of the debate, but im not readt to turn my back on the teamsters!

 

[705red]

The ups pilots arent the only ones in that union, it was already established and proven.

705red please elaborate...links...articles...etc

I was mistaken, ill admit i was wrong, my apologies.

 

[tieguy]

"Unless of course ups will give us the office space "

They just might. After all, Apwa is a UPS subsidiary!

Actually APWA may be a teamster plot.
Heres the scenario. Teamsters jacked up the dues. Pension plans failing. What to do? Create a fictious war with a rival union to distract the members away from their problems.

Look at these threads. A couple of months ago you would see an apwa post followed by a "who the hell is apwa".

Now all of a sudden you have all these posters materializing from somewhere to fight and argue for the teamsters union.

As a result we have the pension crisis is really not a crisis argument.

Holocaust never happened either.

And my personal favorite the old the evil company started this new upstart line. Its old as the hills but that does not mean the teamster clones won't ever get tired of rolling that tired old line out.

Meanwhile in 2003 CS was 70 percent funded? What is it now?
Is it really down to 46? Are you guys nuts? your arguing about who started APWA when you should be talking about how your going to fix these pension plans.

 

[Cole]

Cole,
Was the loan paid back with interest?

Which one?

 

[krash]

Which one?

Let me rephrase. Where all loans paid back with interest and the one's that defaulted, did we acquire the real estate that the loans where used to purchase?
I admit, I probably haven't researched the subject as well as yourself. My Dad was a Teamster during that period so my knowledge of what went own usually comes from him. He will also tell of how the Government was out to get the Teamsters (Especially Hoffa) on anything they could possibly dig up or manipulate. I believe there was a feud between him and one of the Kennedy's.
But am curious to what you may have read.

 

[Cole]

Let me rephrase. Where all loans paid back with interest and the one's that defaulted, did we acquire the real estate that the loans where used to purchase?
I admit, I probably haven't researched the subject as well as yourself. My Dad was a Teamster during that period so my knowledge of what went own usually comes from him. He will also tell of how the Government was out to get the Teamsters (Especially Hoffa) on anything they could possibly dig up or manipulate. I believe there was a feud between him and one of the Kennedy's.
But am curious to what you may have read.

Yeah he had a big feud with Robert Kennedy. They were after them because of the corruption and ties to organized crime. I saw that on old video clips when they were interogating Hoffa, and I will say, he didn't back down on the one's I saw. He was giving RK hell because his brother appointed him to Atty General.

I haven't researched in depth for some time, until recently when you asked which lawfirm Hoffa worked for, and then I remembered the name Allen Dorfman from Ron Carey and Hoffa jr's first campign material.

Here's a link I found a minute ago:

Jimmy Hoffa

Robert Kennedy sent Hoffa a copy of his book, The Enemy Within. Kennedy wrote inside: "To Jimmy. I'm sending you this book so you won't have to use union funds to buy one. Bobby."

I am not trying to discount the good that Hoffa did, he had balls for sure, and was certainly a "mover and shaker" but he also had no problem with dipping into the members funds, from what I've read and heard etc...

 

[tieguy]

He was one of many.

 

[wildgoose]

Actually APWA may be a teamster plot.
Heres the scenario. Teamsters jacked up the dues. Pension plans failing. What to do? Create a fictious war with a rival union to distract the members away from their problems.

Look at these threads. A couple of months ago you would see an apwa post followed by a "who the hell is apwa".

Now all of a sudden you have all these posters materializing from somewhere to fight and argue for the teamsters union.

As a result we have the pension crisis is really not a crisis argument.

Holocaust never happened either.

And my personal favorite the old the evil company started this new upstart line. Its old as the hills but that does not mean the teamster clones won't ever get tired of rolling that tired old line out.

Meanwhile in 2003 CS was 70 percent funded? What is it now?
Is it really down to 46? Are you guys nuts? your arguing about who started APWA when you should be talking about how your going to fix these pension plans.

At this point in time you can make anything sound convincing under the Central States debacle. Nothing less than changing who holds onto the $ and administers it the declining situation is only going to keep on declinging until it evaporates into oblivion. The teamsters administration has not come forward with a solution so why do you think that the APWA has got legs and are running with it ? 2004 the fund minus investments was 50+% now in 2005 its 47.2% thats what the gist is about. TDU stated that if we don`t get
8% added to the pension next contract we will be told to get out by Central States. If it wasn`t true i think they would have a lawsuit for that statement ? TDU is not the answer because they run on the same format as the teamsters with hoping to get more $ like the teamsters to fix the problem and as you and i see the company will probably not want to add more money to a situation that will not correct itself. As for the teamsters setting up the APWA i likely doubt it - Now if they gave complimentry progams of Jenny Craig i could believe that . Now thats funny !

 

[Cole]

Yes he was one of many, but I just posting info realtive to CS.

All this talk about how the APWA can fix the pension, so someone please enlighten us that are in CS; How are the Teamsters going to fix our pensions CS etc...? Our friend/brother 705 Red, stated we should stay in the Teamsters and run a UPS person against Hoffa etc...but how does that fix the pension and all the problems with CS?