The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?

[IVE GOTTA PACKAGE 4U]

I see. You want to retire after 30 years, at 55, and make the same amount that you made while working?

That’s not what a pension is for.

No what I'm saying is the central is going to get $5,300 a month for 30 years of service at age 55
Too many other plans are not even near that
That's why I'm saying we should got a little extra money put into our pension plan

 

[542thruNthru]

I see. You want to retire after 30 years, at 55, and make the same amount that you made while working?

That’s not what a pension is for.

Oh, is that not what a pension is for because you need our money? Because if it's possible to do then that's absolutely what a pension is for.

I've never seen anyone try so hard to convince someone that they shouldn't want more money... especially money that is rightfully theirs.

 

[IVE GOTTA PACKAGE 4U]

I like how these guys make it sound like a bad thing that we want to continue to make increased contributions to our pensions. We should be happy with what we have in their opinion.

Like they've ever given anything up for another teamster. Most of these central supporters would step over a dying PTer to pick up a nickle for their wages.

I'm not trying to compare my plan to yours I'm the same many or other plans have way lower payout and there's no way we should not be getting a little bit of extra money to put in those plans

How many 60-year-old drivers does this place want?

 

[Trucker Clock]

I love the central region guys that think their opinion on the matter means anything to us. You got yours and more.

Wait till next contract when we all get nothing again so that the poor central region guys can get another bailout.

It'll be the same "we don't make as much as you! You guys don't need all that money!" I'll take a line out of the old timers book.

You don't like your pension then quit and go get hired in the western region. No one is forcing you to work in the Central region.

Fair enough. But the Central Region is well funded now. It is at 102%

It is not like the old days when it was mismanaged.

And the Central didn’t take a damn thing from the West. You will still get your $8K. It will not be reduced.

Oh, I see. You want more. You want more being retired than you made while working. That is not a pension. That is a 401K.

 

[542thruNthru]

Fair enough. But the Central Region is well funded now. It is at 102%

It is not like the old days when it was mismanaged.

And the Central didn’t take a damn thing from the West. You will still get your $8K. It will not be reduced.

Oh, I see. You want more. You want more being retired than you made while working. That is not a pension. That is a 401K.

If it's at 102% then it is mismanaged still. You don't want a pension at 100 or over.

 

[Wally]

No what I'm saying is the central is going to get $5,300 a month for 30 years of service at age 55
Too many other plans are not even near that
That's why I'm saying we should got a little extra money put into our pension plan

So we do without and they get more.

 

[IVE GOTTA PACKAGE 4U]

So we do without and they get more.

It got lots of guys all fired up

 

[Trucker Clock]

No what I'm saying is the central is going to get $5,300 a month for 30 years of service at age 55
Too many other plans are not even near that
That's why I'm saying we should got a little extra money put into our pension plan

Fair enough. How much will you get at 55 with 35 years of service?

 

[542thruNthru]

Oh, I see. You want more. You want more being retired than you made while working. That is not a pension. That is a 40401K.

Where did you read that stupid rule lol. Oh wait let me guess you made it up in attempt to help your argument for taking the well funded pensions contributions.

 

[542thruNthru]

Fair enough. How much will you get at 55 with 35 years of service?

Does it matter? Your pension is not for you to make a lot of money that's what 401k is for. Lol

 

[IVE GOTTA PACKAGE 4U]

Fair enough. How much will you get at 55 with 35 years of service?

Ball park 4200

 

[542thruNthru]

So we do without and they get more.

Wally... your pension is not supposed to be well funded and make you money. It's to help fund others that need that money. You're thinking 401k.... lol

 

[Trucker Clock]

If it's at 102% then it is mismanaged still. You don't want a pension at 100 or over.

Nope. Not mismanaged. That means that it should be like the West. Increase pension payouts.

 

[Wally]

Fair enough. How much will you get at 55 with 35 years of service?

For me it would be $4750.

 

[Trucker Clock]

Ball park 4200

35 years at age 55 and you only get $4200?

I will strike over that.

 

[542thruNthru]

Nope. Not mismanaged. That means that it should be like the West. Increase pension payouts.

Which you got. So how are you still at 102%

 

[Trucker Clock]

For me it would be $4750.

Again, I will join you on the strike line for that. It’s the West getting $8K a month and bitching about it is what I have a problem with.

 

[IVE GOTTA PACKAGE 4U]

35 years at age 55 and you only get $4200?

I will strike over that.

That number would be bigger but there's age penalties on it that's what I'm trying to tell everyone

And the the newer employees will have all their money penalized


The pension reform act of 2008 and 2011 really screwed things up

 

[542thruNthru]

Again, I will join you on the strike line for that. It’s the West getting $8K a month and bitching about it is what I have a problem with.

No we don't lol!!!! OK it's obvious now you are making up.

Hey @Just A UPS Guy thisnguy thinks we make 8k a month lol

 

[Trucker Clock]

Which you got. So how are you still at 102%

We didn’t get. We got it increased, but not near what the West is.

We only got it increased because it is funded at 102%

Extra money to pay out.