https://tdu.org/sites/default/files/CSPFLetterToParticipants.pdf, Driver's Please take the time and READ the pension letter and be informed and get involved . Thank You
Holland | READ pension news letter
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Northern Flash
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I read mine yesterday. Very disappointing. My future plans have changed drastically. Like everyone else, I've got to make some decisions now that weren't part of the original plan.
freight jockey
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Read mine too, we are in for a good screwing in the near future. My plans are not changing, Holland and YRC can kiss my a$$ soon. I can only hope the rah-rah Holland boys and MOU "YES" voters enjoy what is going to be served to us all.
The biggest problem working at Holland is the fools that believe a magic wand is going to be waved and conditions will return to the old days.
The biggest problem working at Holland is the fools that believe a magic wand is going to be waved and conditions will return to the old days.
skullcramp
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My plans are simple. I don't plan on retiring. Hopefully, I can learn to get by on 8 hours a day (only working half a day in the trucking world) depending on the future pay and benefit cuts. But honestly, I don't know what the fuss is about. The medical will get 60-70% of us long before the fund goes bankrupt.
freight jockey
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Who wants to die holding a steering wheel ? The fuss is a lot of us have worked our entire lives and due to the actions of CSPF, IBT, Goldman Sachs, Northern Trust, and YRCW we are going to have money that is rightfully ours and was supposed to be invested for us stolen from us. It doesn't matter if you have the minimum time to be vested in CSPF or have 40 yrs time, you rightfully should have your fair share coming. We trusted CSPF to do this and they failed us miserably, somebody needs to be held accountable and investigated.
Complacency got us in this mess, along with a lot of smooth talking liars in high places.
Northern Flash
Today's Democrats are similar to Commies.
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It's come to the point where most of us will finally cash in our chips draped over the steering wheel. Hopefully we don't take any innocent families out with us.
skullcramp
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I should have added "sarcasm intended" All of the entities you mentioned should be be held accountable. Unfortunately, the public seems to think WE are the ones who should be held accountable. Thank talk radio, for convincing the public that pensions are paid by the taxpayers and no i'm not talking about the PGBC, there are people out there who believe that the word PENSION means their tax dollars are paying private multi employer pensions in full. Never mind the billions stolen through the bank bailouts, To the general public, WE ARE THE ENEMY, AND THIS IS PAYBACK
freight jockey
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I think it is the "poor me" syndrome Skullcramp, the general public didn't put the time into a job to earn a pension or work a job long enough that had promised decent retirement benefits and they are envious of what we worked for and were promised. And I totally agree with talk radio, they whip the gullible into a frenzy.
How many people don't we all know that would never work 60+ hrs. a week or be gone from home in all weather conditions but criticize us for what we have earned ?
I feel PBGC should be held accountable for the pension failures, and the lawmakers replenish their funds if need be. After all the pension funds payed a premium into PBGC to insure their funds, much like a homeowner pays an insurance company for home insurance. Could you imagine the outrage if a tornado struck a community and the insurance companies all said "sorry, we blew our money in the stock market" to the policy holders ?
How many people don't we all know that would never work 60+ hrs. a week or be gone from home in all weather conditions but criticize us for what we have earned ?
I feel PBGC should be held accountable for the pension failures, and the lawmakers replenish their funds if need be. After all the pension funds payed a premium into PBGC to insure their funds, much like a homeowner pays an insurance company for home insurance. Could you imagine the outrage if a tornado struck a community and the insurance companies all said "sorry, we blew our money in the stock market" to the policy holders ?
skullcramp
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I think a lot, A LOT of us saw this coming, Question is, how do we come to a solution that gives US some sort of security, not just security for wall st.
daddy68legs
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Why is CS in such bad trouble, but the Western and Southern Conf are OK.
Northern Flash
Today's Democrats are similar to Commies.
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I listen to some talk radio, and I don't recall ever hearing any of the hosts say that private (Teamsters) sector union pensions were paid by the tax payer.
The PUBLIC sector union pensions ARE paid by the tax payer. That's also why I don't support Public Sector Unions, but I DO support private sector unions. There is no debate on who pays for Public Sector (Fed., State, City, County) union pensions......it's the tax payer.
Some people could lump all unions in together I suppose, but they'd be wrong to do so.
The PUBLIC sector union pensions ARE paid by the tax payer. That's also why I don't support Public Sector Unions, but I DO support private sector unions. There is no debate on who pays for Public Sector (Fed., State, City, County) union pensions......it's the tax payer.
Some people could lump all unions in together I suppose, but they'd be wrong to do so.
the Western Div. switched to a 401-K , and Southern thinking of doing it next ?? CS needs to just dissolve & divide what money is left into a 401-K for the driver's and retiree's , why keep putting 25% into a money sinkhole ???
So ole buddy, I am shooting from the hip here, but if you send all future payment at 25%, to the 401 K route, then the funds are gone to support the current retirees'. What happens to them? OH! wait a minute they did nothing for the pension and the union, so lets drug them and put them in the water and see how long they can float. GOT YA!, good plan.
but at least I can ride this MF out till the end good luck to all!
Not to butt in here, but I thought about this issue back when PIE/ANR closed owing the pension 31 million. Am sure a few more that were paying nothing or reduced before their demise owed a lot also.
pimpthebrowns
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pimpthebrowns
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Yep, the good old yes men, same ones who when the company does something allowable in the MOU react with but they said. Same dumbshits who thought when ABF was rumored to buy us said I hope so then we get everything back, yep again just checked yes without reading all sling back lingo was taken out. I also love the ones who say we'll were not paying for our health benes, ummmm 15% of your check is going somewhere. But again as long as they're getting 20hrs OT a week it makes up for it. Lol.
freight jockey
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Our health benefits are worth about $8 /hr. and our pension contributions were worth around $7.50 /hr. until they cut us back to $1.88/hr. on the pension. I have never heard anybody say they lost $5.62/ hr. in pension benefits yet, even the fact they are only paying 25% of what the pension should be doesn't bother most. Sad. Like you stated, as long as they are getting 20 hrs. OT a week or 600 miles a night everything is good with a lot of them.
Were is the money going to come from to pay the bills. There is more money going out than coming in. I hate it too. There has been no money stolen.