Yellow | What's the answer with the CSPF?

LEHIGH vALLEY

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Look Guys I have no (Direct) dog in this hunt but be that as it may I do have a question.


What's next for the members of the CSPF?

Where do you go from here?
I guess what I'm really asking is what happens if the Feds do not bail the fund out? You have to admit that is possible. Knowing how screwed up the Federal Government is hell, Anything is possible.
Just asking.
 
First I would combine the management of the funds. I didn't say combine the assets. It is assine to pay $3,000,000,000 billion a year to manage $20,000,000,000 billon as with CSPF. Just taking into account the multiple funds just the Teamsters have a lot could be saved here. The premiums paid to the PGBC would have to be raised substantially $27 a year has and never will insure anything. The single-employer program has its problems too but pays a hell of a lot more to retirees but has a larger premium and is much more stable. I take issue with continuing to put money even thou it is 25% of what it should be in CSPF and expecting something to change. It's way past time for Nyhan and company to be gone‼️
 
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Your pension is in good hands, sleep well. And of course please work more OT this week.
 
Look Guys I have no (Direct) dog in this hunt but be that as it may I do have a question.


What's next for the members of the CSPF?

Where do you go from here?
I guess what I'm really asking is what happens if the Feds do not bail the fund out? You have to admit that is possible. Knowing how screwed up the Federal Government is hell, Anything is possible.
Just asking.
I spoke to the lady who is leading the charge in Missouri at length yesterday after our union meeting. She said the next step is to get the right people elected in the congress and senate so we can get this bill repealed. She also said there is a possibility of a law suit because the way they passed the law was illegal. She said they have several plans on how to fix the plan. But then we were next to be served in the food line and that was the end of our conversation. My stomach took over. I can get her name for you if you want. She is a badger when it comes to this fight.
 
This is a very serious topic for many of our members. They are in a fight for there livelihoods. They have to win this battle. Please don't joke about it.

This picture is not a joke. It's the truth. How can you not know that? Also the people you refer to as "they" includes myself.
 
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Let me guess, the lady was suggesting elect Democrats and everything will be hunky dory fine. Let's roll the tape.
http://www.joc.com/regulation-policy/central-states-pension-fund-warns-insolvency_20100527.html

http://www.nytimes.com/2015/10/07/business/teamsters-pension-fund-warns-400000-of-cuts.html
...Mr. Nyhan said he liked Senator Sanders’s proposal too, but recalled that a similar bill was introduced in 2010, when Democratic Party lawmakers controlled Congress, but was never approved....



http://www.kansascity.com/news/business/workplace/article67097907.html
...The Casey-Pomeroy bill offered a rescue in 2010. Congress would set up a new fund within the PBGC to help cover orphans, who would be stripped out of the shaky pension plans. Opposition to the bill included cries it was another bailout in the wake of the financial crisis in 2008.
Nyhan said the political environment is no better today.
“I tried to do it myself and got spectacularly nowhere with a Democratic House, a Democratic Senate and a Democratic White House,” he said....

https://nwlaborpress.org/2014/12/congress-passes-major-change-law-union-pensions/

Whatever shenanigans you think happened in getting the bill to a vote doesn't change the fact that 57 House Democrats voted to pass the legislation. By the numbers, that's about 1 out of every 3. How about the Senate? 32 out of the 54 Senate Democrats voted for passage. By the way, How long did it take for Obama (D) to sign it into law, about 30 seconds. Of course, Obama's hands were tied, right? Since the pension bill was stuck on a budget bill, well, he just had to sign to avoid a shut down.
http://www.freedomworks.org/content...t-shutdown-if-congress-doesnt-end-budget-caps
http://www.huffingtonpost.com/2013/10/01/obama-veto-house-republicans_n_4025902.html
https://en.wikipedia.org/wiki/United_States_federal_government_shutdown_of_2013
Obama was willing to shut down the government for other things but not for pensions? And here comes this lady blowing so much smoke up your ass how could you possibly be hungry, with all that smoke irritating your stomach?
What is sad is that you believed her, even after years of evidence that the Congressional and Executive democrats, who had the power to do something about this problem, knew about this problem, and did NOTHING about this problem.
Wake up and smell the smoke.
 
This is a very serious topic for many of our members. They are in a fight for there livelihoods. They have to win this battle. Please don't joke about it.
Yes. This is serious. Affects alot of people. And families. There may be jokes made but they are not funny. We earned our retirement. It wasn't given to us. We earned it through sweat and blood. Who is gonna take care of us if this does not work out?
Taxpayers. Us. So if you want to joke about it go to Facebook. Not funny here.
You should know better.
It was a legitimate serious question.
 
Yes. This is serious. Affects alot of people. And families. There may be jokes made but they are not funny. We earned our retirement. It wasn't given to us. We earned it through sweat and blood. Who is gonna take care of us if this does not work out?
Taxpayers. Us. So if you want to joke about it go to Facebook. Not funny here.
You should know better.
It was a legitimate serious question.

This is an opinion board. Get over yourself.
 
Yes. This is serious. Affects alot of people. And families. There may be jokes made but they are not funny. We earned our retirement. It wasn't given to us. We earned it through sweat and blood. Who is gonna take care of us if this does not work out?
Taxpayers. Us. So if you want to joke about it go to Facebook. Not funny here.
You should know better.
It was a legitimate serious question.

As I told PP120, the "they" and "us" as yous refer too, include myself. I have earned the right to say whatever I want about the a holes running this program into the the ground. You should know better.
 
Why should the burden of a bailout be put on the taxpayers?
Why should the problems all over the world be put on the tax payers to the tune of billions of dollars every year. Why are my tax dollars being sent all over the world without any say so from me. If our government doesn't want to help fellow Americans with the money they take from us, then stop sending it overseas to help non Americans.
 
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