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Yellow | 707 pension - Pension cut letters have been sent out

j-dawg50 said:
This is the final straw that shall break the Teamsters Freight Unions back. 40 to 60 % pension cuts to retirees whom some has took penalties to get out early will bankrupt some and cause others to lose mortgages. After this I see no reason to participate in a Union which is NOT dedicated to protecting its members. Ladies and Gentlemen, Brothers and Sisters of the Teamsters Union Freight Division. I declare the Union dead based upon what we took an oath and signed up for over 25 years ago in my case. May you all be blessed and find strength to do as strong willed men and women of The Teamsters Union of Days Past has always done. And that's to succeed in all of your endeavors.
Do Not Stay Loyal:
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Any one who will give up thier freedom for security deserve neither, and in time will lose both.
 
albag said:
When considering Triplexs' thread subject I'm curious who here, besides myself, pledged to help John Kelder fund an audit of 707's fund?
:burnsauce::flame:
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I did and I was saddened that he couldn't get enough support to fight the fight.
 
ABFer said:
That's as good excuse as there is for you when you get caught...ummm....errrr.....aaaaa...with a lapse in memory, yeah, that must be it, not like you've been caught fabricating things before.
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Link one.

Mud proved that it was knee pads. The loser, and ball less comments were right there in that area, plus or minus 3-4 comments. If trip was gone for saying loser, tutone's knee pads and ball less were worse. And you wanted to like them thrice. Which tells me you should have joined trip.

What I said was they are gone. Maybe I am wrong, and I'm just not smart enough to find them? That I admit to. Lying, no...
 
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I'd still like to know how the 707 fund or the PBGC is cutting Triplex's pension by only 40%? Don't get me wrong I'm glad it's only 40% but I thought all 707 checks were being stopped as of Jan 31. I thought the PBGC was taking over on Feb 1. I thought the maximum PBGC payout for MEPFs was only 35%.
 
Crystal said:
I'd still like to know how the 707 fund or the PBGC is cutting Triplex's pension by only 40%? Don't get me wrong I'm glad it's only 40% but I thought all 707 checks were being stopped as of Jan 31. I thought the PBGC was taking over on Feb 1. I thought the maximum PBGC payout for MEPFs was only 35%.
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Received my letter also, $2847. reduced to $1708. 40% reduction no real explaination as to how they came up with that number. It did say that it could be reduced further to $974. the PBGC rate, in the future if needed.
 
mud said:
6DIfd2m.jpg
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mud said:
"I'd like it thrice if I could.", was the reply ABFer made to your personnel attack against triplex.
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This is interesting mud and maybe you can help me figure it out. You have posted a screen shot of post #126 from somewhere and we're only up to the 80's here. Furthermore one has to dig back a couple of days to find any threads with a reply count that high. I made that triple like comment what, two days ago? Are you going to claim that 40 some posts got deleted from this thread? :confused1:
 
captain cardboard said:
Received my letter also, $2847. reduced to $1708. 40% reduction no real explaination as to how they came up with that number. It did say that it could be reduced further to $974. the PBGC rate, in the future if needed.
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Interesting, two different plans, maybe different problems, maybe not. Looks like everyone got 40% cuts in 707. Maybe not. In central states the cuts are all over the place. What the heck? Why couldn't we all get the same percentage cuts? Oh I know, Ken Feinburg said it is the LAWWWWWWWWWWWWWWWWWWW. He cannot recommend a change to the lawwwwwwwww. But we are all free to tell him how to change the plan without changing the law. :scratchhead: What's his job? Am I off topic or on topic? :idunno:
 
captain cardboard said:
Received my letter also, $2847. reduced to $1708. 40% reduction no real explaination as to how they came up with that number. It did say that it could be reduced further to $974. the PBGC rate, in the future if needed.
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I'm sure it's all legal but if it was the 707 fund that made the 40% cut then I wonder how they could do it without a vote by the members? If it was the PBGC that made the 40% cut then I wonder how they can afford a 60% retiree payout when they are nearly bankrupt? Like I said I'm sure it's all perfectly legal but I'm curious as to how it was done. If it works for them then it just might work for my fund.
 
ESP said:
Interesting, two different plans, maybe different problems, maybe not. Looks like everyone got 40% cuts in 707. Maybe not. In central states the cuts are all over the place. What the heck? Why couldn't we all get the same percentage cuts? Oh I know, Ken Feinburg said it is the LAWWWWWWWWWWWWWWWWWWW. He cannot recommend a change to the lawwwwwwwww. But we are all free to tell him how to change the plan without changing the law. :scratchhead: What's his job? Am I off topic or on topic? :idunno:
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A guy I worked with at Preston, then Yellow, compared cuts with me. We were hired one week apart at Preston hired same day at Yellow. I resigned in Feb 2009, a week before YRC merged and began missing payments. He resigned 6 months later. We both had 21 years paid in. I'm 61, he's 59. Mine cut to 1250. His cut to 759. Makes no sense....
 
jimmy g said:
Link one.

Mud proved that it was knee pads. The loser, and ball less comments were right there in that area, plus or minus 3-4 comments. If trip was gone for saying loser, tutone's knee pads and ball less were worse. And you wanted to like them thrice. Which tells me you should have joined trip.

What I said was they are gone. Maybe I am wrong, and I'm just not smart enough to find them? That I admit to. Lying, no...
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Shouldn't you be out on a ledge somewhere ?
 
jimmy g said:
A guy I worked with at Preston, then Yellow, compared cuts with me. We were hired one week apart at Preston hired same day at Yellow. I resigned in Feb 2009, a week before YRC merged and began missing payments. He resigned 6 months later. We both had 21 years paid in. I'm 61, he's 59. Mine cut to 1250. His cut to 759. Makes no sense....
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That doesn't sound right,makes you wonder what else is wrong with these cuts.
 
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