The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
- Thread starter Wally
- Start date
Over70irregs
Well-Known Member
So the greatest difference between pensions is using PT as subsidy ?
542thruNthru
Well-Known Member
I'm sure that it's a factor. I don't know if it's the greatest difference. I still don't understand why other pensions wouldn't want or didn't include PTers. Aren't we all teamsters? What was the thinking there?
Over70irregs
Well-Known Member
I never questioned it but east mid south union plans need to be called out. Peer 80 they call it needs to be the norm. Maybe gradually peer 85 84 83 82 81….. you catch my drift.
542thruNthru
Well-Known Member
It's harder than it sounds. The pensions have gotten 2 big things that have improved them lately. Getting to the point of offering PEERs is probably going to take a lot more. I believe UPS is the only PEER 80 though I'm probably wrong. I know a lot of them are PEER 84 like the PTers are at UPS and my BA is at the local.
Bubblehead
My Senior Picture
It is huge because it greatly helps to maintain the ratio of active participants to retirees.
Central States got upside down when the union freight industry, its largest participant, collapsed in the wake of deregulation and then NAFTA to a smaller degree.
I get yelled at when I say it, but pension funds are similar to ponzi schemes in the respect that they require someone to take the spot of the individual leaving to remain solvent as a result of what's termed "ongoing liability".
....or maybe I'm just a dumb truck driver that doesn't understand economics and actuarial calculations.
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542thruNthru
Well-Known Member
Over70irregs
Well-Known Member
I’m sure your on it. Pensions are like a tapeworm, they require a sacrifice to keep going. But it’s hard to get medical and retirement working PT these days.
What'dyabringmetoday???
Well-Known Member
J
And having foxes oversee the henhouse...
Wally
BrownCafe Innovator & King of Puns
Over70irregs
Well-Known Member
That’s our supreme leader. Clarify…
Wally
BrownCafe Innovator & King of Puns
Look at the crown, he's the pension czar.
Over70irregs
Well-Known Member
Triple vested.
tourists24
Well-Known Member
Pony up west
Over70irregs
Well-Known Member
Alt plan?
Over70irregs
Well-Known Member
I am assuming that is a false sheet…. Please let it be fake.
oldngray
nowhere special
True. I got one of those a couple of days ago.
tourists24
Well-Known Member
The sheet is not a fake... I edited nothing. There was however another letter attached to the mailer stating the funding did get special funding assistance to help it out
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