You would have to make $5,300 a month to equal $3,000 a month in 2000
The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
- Thread starter Wally
- Start date
Trucker Clock
Well-Known Member
What case do you rest?
I never blamed @rod. The option was available and he took it. I don't have an issue with that. I blamed the Union and Company for agreeing to that option in the first place. They could not afford it.
rod
Retired 23 years
The demise of Central States started when Jimmy Hoffa Sr. Was forced to turn control of it over to the government.
Johney
Pineapple King
My case is you gave me and others a hard time for retiring at 55. I’m no different than Rod and YOU said you would’ve done the same. Listen I’m done with this stupidity of yours my decision to retire when I did is the best thing I ever did and for the next 7 years it’s guaranteed in full unless UPS goes under and I highly doubt that’s going to happen. After that they still pay half. So you think what you want, keep working till you’re 65 or wtf ever you think to save your pension the rest of us will enjoy ours.
govols019
You smell that?
Did it ever drop below 25%...not counting when they just flat refused to pay recently?
Thebrownblob
Well-Known Member
It was zero for a few years after 2008 I don’t remember what year they started paying the 25% again. Such an awful run company.
Trucker Clock
Well-Known Member
I never gave you a hard time for retiring. I never blamed you. The option was there. Take it.
I had an issue with the Union agreeing to it when they new there was not enough money in the fund to pay for it.
govols019
You smell that?
I was a witness to the the first vote taken to give Yellow the concessions they said they had to have to stay in business...I'm shocked they made it this long
I don't know if witness is the right word...I was there to make sure the vote was conducted properly.
Johney
Pineapple King
No not a hard time, but said I/we shouldn't saying we'll drain our pension.
I'm out...do what you feel is best for you.
UnionStrong
Sorry, but I don’t care anymore.
Drain that sucka one check at a time.
Johney
Pineapple King
As long as my
goes into my account...I'm good.
UnionStrong
Sorry, but I don’t care anymore.
1st of the month baby.As long as my
Trucker Clock
Well-Known Member
You're out?
Go then. Tell me I'm wrong and then bail.
I never said you should not have retired and drained the pension fund. I said it should not have been offered. You guys retiring drained the fund. But, I never said you shouldn't have. It was not your fault. It was offered, so take it.
I don't blame you one bit. I blame the Union for negotiating it.
Johney
Pineapple King
Whatever. Blame whoever you feel if it makes you feel better. Rod is still collecting after all these years I suspect so will I after just as much time. If you’re upset about what the Union has done for our pension’s so be it.
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Trucker Clock
Well-Known Member
It doesn't make me feel any better to blame anyone. I explained why Central States damn near went bankrupt. I'm sorry if you feel you and @rod were part of the problem. I never said you were. The problem started with the 30 and out at $3K. The fund could not afford it. That is a fact, and that is all it is, a fact.
It doesn't bother me in the long run. The government bailed it out and my pension looks great.
A lot of it was politics so certain members could get reelected again
UnionStrong
Sorry, but I don’t care anymore.
Gotdamn right
They raise the pension because the funds was doing good at the time instead of giving the 13th payment
But once the fun started to go down we can't reduce the payment
Thebrownblob
Well-Known Member
Observer, I was as well.
Over70irregs
Well-Known Member
They have to be like insurance companies and continually model/project.
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