Reply to thread

Message

<blockquote data-quote="DELACROIX" data-source="post: 3614237" data-attributes="member: 49065">Great question..I have been saying that for years. It could be that one of the reasons is that every pension and health and welfare plan have people managing the incoming assets, investments in stocks, bonds, etc, etc.&nbsp; They are called Plan Administrators or Board of Trustees they govern these plans and set a benefit for the active and retired participants.&nbsp; They of course do get a little monetary compensation for their duties, now you can see it would be hard to combine all these Pension and Health and Welfare benefit plans into one massive fund because some of those people who manage these smaller benefits funds will be taking a pay cut or lose power.Therefore, everybody gets a different Pension and Health and Welfare formula depending on how well the funds are doing in their region.&nbsp; Does not make sense to me either, if a Pension and Health and Welfare fund is in the red would it be a good idea to spread the monetary assets&nbsp; from the healthy ones into the underfunded plans.&nbsp; This concept will never go with our current mindset of me, myself and I that runs through our membership and leadership.&nbsp;&nbsp; We sometimes belly ache about the greed of corporations and forget about we are acting the same way by looking away when our own members are suffering or being taken advantage of.&nbsp; We have become Them with no moral code and swimming in the sea of plausible deniability.&nbsp; Mission Statement on all the Teamster&#039;s letterheads &quot;People helping People&quot;&nbsp; yea..right..show me.</blockquote>

[QUOTE="DELACROIX, post: 3614237, member: 49065"] Great question..I have been saying that for years. It could be that one of the reasons is that every pension and health and welfare plan have people managing the incoming assets, investments in stocks, bonds, etc, etc. They are called Plan Administrators or Board of Trustees they govern these plans and set a benefit for the active and retired participants. They of course do get a little monetary compensation for their duties, now you can see it would be hard to combine all these Pension and Health and Welfare benefit plans into one massive fund because some of those people who manage these smaller benefits funds will be taking a pay cut or lose power. Therefore, everybody gets a different Pension and Health and Welfare formula depending on how well the funds are doing in their region. Does not make sense to me either, if a Pension and Health and Welfare fund is in the red would it be a good idea to spread the monetary assets from the healthy ones into the underfunded plans. This concept will never go with our current mindset of me, myself and I that runs through our membership and leadership. We sometimes belly ache about the greed of corporations and forget about we are acting the same way by looking away when our own members are suffering or being taken advantage of. We have become Them with no moral code and swimming in the sea of plausible deniability. Mission Statement on all the Teamster's letterheads "People helping People" yea..right..show me. [/QUOTE]

Verification