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FedEx Freight | Congress Passed Pension Cuts

This isnt necessarily just about the Fedex issue. Its political. Its about who gets power and who doesnt.
Its about who gets a more stable life and who doesnt.
Its about a system of either allowing corporations rule or the infividuals having a say.
The pensions were made unstable because the corporate side has held more power a long time. They want it all. Defined benefit pensions are more stable in our system. Under their system our politicians voted instability for retirees and less regs for the banks who destroyed us. Their system now rules. More union numbers would cjange that.

Guardrail said:
One of the big selling points from the teamsters is a solid pension. As this article points out, a pension isn't as solid as believed.

Guardrail
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slavenomore said:
This isnt necessarily just about the Fedex issue. Its political. Its about who gets power and who doesnt.
Its about who gets a more stable life and who doesnt.
Its about a system of either allowing corporations rule or the infividuals having a say.
The pensions were made unstable because the corporate side has held more power a long time. They want it all. Defined benefit pensions are more stable in our system. Under their system our politicians voted instability for retirees and less regs for the banks who destroyed us. Their system now rules. More union numbers would cjange that.
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Ok say the last part of your post is saying the union needs the FedEx employees to join for there pensions to make it.
 
So
slavenomore said:
This isnt necessarily just about the Fedex issue. Its political. Its about who gets power and who doesnt.
Its about who gets a more stable life and who doesnt.
Its about a system of either allowing corporations rule or the infividuals having a say.
The pensions were made unstable because the corporate side has held more power a long time. They want it all. Defined benefit pensions are more stable in our system. Under their system our politicians voted instability for retirees and less regs for the banks who destroyed us. Their system now rules. More union numbers would cjange that.
Click to expand...
So now you blame the government for the unions pension failures. These so called guaranteed pensions are no more than a pyramid scheme. The ones who got in early made out like bandits while the late comers pay the price. The union guarantees sure don't come through in the end. Of course you all want the government to bail you out again just like with GM and Chrysler. Don't see non-union companies getting bailouts. Probably because fewer lose money at the rate of unionized ones.
 
I was going to reply to Purple Hammer, but I think I will save my rant for someone who knows what he is talking about. Marry Christmas.
 
ESP said:
I was going to reply to Purple Hammer, but I think I will save my rant for someone who knows what he is talking about. Marry Christmas.
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Seems it was a very intelligent response by Hammer, when you have nothing to argue with you just move on. ESP hope you have a Merry CHRISTmas also.
 
Teamsters took the 6 billion dollars ups paid to get out of the pension. I guess that wasn't enough. Why wouldn't you other teamsters want to step up to the plate and help out your "brothers" who are about to lose what they were promised ? You guys say we could have our own pension. What does that tell you about the teamsters? For me it says they don't give a sh** about these guys that are in trouble. 30 years from now when it's your turn to retire and the money is not there who is going to help you?
 
smitty said:
i think it is a sad thing the pensions are not protected. We all work to retire and this is happening everywhere. The Teamsters need revenue. the walls are clo

More than you know...
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Our pension is nothing like the multi-company funds... different animal entirely.
 
Purple Hammer said:
So

So now you blame the government for the unions pension failures. These so called guaranteed pensions are no more than a pyramid scheme. The ones who got in early made out like bandits while the late comers pay the price. The union guarantees sure don't come through in the end. Of course you all want the government to bail you out again just like with GM and Chrysler. Don't see non-union companies getting bailouts. Probably because fewer lose money at the rate of unionized ones.
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1) If you follow closely, the government is helping Banking interest at the expense of Retirees, by allowing cuts to their benefit.

2)You are also painting with a broad brush. Look at this Teamster pension fund, and tell me what you see. http://www.wctpension.org/
 
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citydog said:
Seems it was a very intelligent response by Hammer, when you have nothing to argue with you just move on. ESP hope you have a Merry CHRISTmas also.
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The truth is the Hammer should look at more than one pension fund. Some Teamster plans are quite well funded: http://www.wctpension.org/


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citydog said:
The thing you need to look at that congress is going to try and cut all multi employer pension. They are not set up to be viable for the long term.
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But citydog, the one I showed you seems to have growing reserves, and seems well funded. Some others, like UPSF, can be set up for long haul. It might even be over funded...
 
SwampRatt said:
But citydog, the one I showed you seems to have growing reserves, and seems well funded. Some others, like UPSF, can be set up for long haul. It might even be over funded...
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Lmao thats why this thread has nothing to do with Fed Ex Freight and should be moved.
 
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