Yellow | Central States Big Wig Calls For 30% Benefit Cut!
- Thread starter Freightmaster1
- Start date
cellblock309
TB Regular
- Credits
- 0
wake up people you don't have to be a genius to figure it out more taking out and living longer and less paying in recipe for lack of funds besides the medical benefits for retires and there spouse was way to cheap years ago and still is I bet that hasn't helped the fund if its all in one I don't know I am assuming it is some years ago said it was like 50 dollars for you and your spouse I know retired union meat cutters where paying back then 750.oo for them and spouse now its over 1000.00
last time im going to repeat this .
had they been honest when yrc 1st said they needed out of paying into pension .i believe this would of been shut down .
in other words had they told people what would happen to their pensions when yrc stopped paying {didnt take a cpa } the votes would of never been yes .
but they heemed and haaawwwed and said they didnt know and guys got sucked into hoping it would be ok . .
it was never going to be ok .you cant take out more than whats going in and expect it will be ok .
had they been honest when yrc 1st said they needed out of paying into pension .i believe this would of been shut down .
in other words had they told people what would happen to their pensions when yrc stopped paying {didnt take a cpa } the votes would of never been yes .
but they heemed and haaawwwed and said they didnt know and guys got sucked into hoping it would be ok . .
it was never going to be ok .you cant take out more than whats going in and expect it will be ok .
Probably more big wigs with there hand in the pie than should be!!
When I retired five years ago with the Western Teamsters my health insurance was free. I payed $276.00 a month for my wives health insurance. I now pay $804.00 a month for both of us. The first of this year, Western Teamsters sent me a letter pointing out that my health insurance hasn't been raised in two years.
I have to wonder if the 30% across-the-board benefit cut includes Al Nelson.
Freightmaster1
TB Legend
- Credits
- 615
According to the last Form5500 Report to the IRS, these Central States "employees' annual direct compensation paid by the plan were...
Thomas C. Nyhan $333,188
Albert M. Madden $221,878
John J. Franczyk Jr. $212,734
Robert Coco $212,420
Mark F. Angerame $184,606
James Condon $181,845
Peter Priede $170,498
William J. Schaefer $151,705
Brad R. Berliner $145,562
Albert E. Nelson $143,715
Charley H. Lee $139,281
Frank J. Carey $137,322
John Young $136,277
Thomas Weithers $119,251
Andrew M. Sprau $117,045
Lauren Saar $116,778
Carol B. Evans $116,708
Ray A. Hale $114,603
Daniel Shepard $109,215
Timothy C. Reuter $108,058
Jeffrey Morris $107,304
Juan J. Beaton $106,566
Megan Griffiths $106,114
Jason Childress $104,956
Scott B, Robbins $104,424
Mark L. Vieu $103,713
Eric Fisher $103,507
Holly Gustafson $102,988
Brian Hanlon $102,853
Nicholas Declerk $102,743
Eric J. Kingdon $101,535
Natalie M. Plucinski $102,456
Pamela A. Langley $100,817
Elizabeth Allen $100,799
Bonnie Velazquez $100,561
Carla Lyons $100,510
Aldona Zajauskas $100,102
These are the top 37 "employees" that make over $100,000 per year!
427 other "employees" make less than $100,000 per year.
Trustees listed are...
Arthur H. Bunte Jr. $32,308
George J. Westley $31,106
Jerry Younger $23,022
Greg May $20,867
Charles A. Whobrey $13,657
Gary Caldwell $10,298
Ronald De Stefano $9,680
According to the last Form5500 Report to the IRS, these Central States "employees' annual direct compensation paid by the plan were...
Thomas C. Nyhan $333,188
Albert M. Madden $221,878
John J. Franczyk Jr. $212,734
Robert Coco $212,420
Mark F. Angerame $184,606
James Condon $181,845
Peter Priede $170,498
William J. Schaefer $151,705
Brad R. Berliner $145,562
Albert E. Nelson $143,715
Charley H. Lee $139,281
Frank J. Carey $137,322
John Young $136,277
Thomas Weithers $119,251
Andrew M. Sprau $117,045
Lauren Saar $116,778
Carol B. Evans $116,708
Ray A. Hale $114,603
Daniel Shepard $109,215
Timothy C. Reuter $108,058
Jeffrey Morris $107,304
Juan J. Beaton $106,566
Megan Griffiths $106,114
Jason Childress $104,956
Scott B, Robbins $104,424
Mark L. Vieu $103,713
Eric Fisher $103,507
Holly Gustafson $102,988
Brian Hanlon $102,853
Nicholas Declerk $102,743
Eric J. Kingdon $101,535
Natalie M. Plucinski $102,456
Pamela A. Langley $100,817
Elizabeth Allen $100,799
Bonnie Velazquez $100,561
Carla Lyons $100,510
Aldona Zajauskas $100,102
These are the top 37 "employees" that make over $100,000 per year!
427 other "employees" make less than $100,000 per year.
Trustees listed are...
Arthur H. Bunte Jr. $32,308
George J. Westley $31,106
Jerry Younger $23,022
Greg May $20,867
Charles A. Whobrey $13,657
Gary Caldwell $10,298
Ronald De Stefano $9,680
You mean they're not taking a cut? Wow they took a play out of yrc mgts play book.next a big bonu $$$!
That, plus the total mismanagement or total embezzlement of the $6.1 billion UPS paid to get out of Central States in 2007 . The only difference in Central. States today and in the 1960,s is at least we had something to show for our money back then(LAS VEGAS)
Don't forget the unsecured Russian bank start up scheme they were caught doing. Love me some CS pension fund people.True Americans that bunch.
Freightmaster1
TB Legend
- Credits
- 615
Yeah! We can always get a job in a casino to supplement our -30% pensions?!
NO! That's prohibited re-employment
What happened to the report on CSPF that the IBT did and paid for by the rank & file?
What was the outcome of the lawsuit to get information from CSPF that TDU was involved in?
If the IBT and CSPF have nothing to hide why is the information unavailable ?
I understand the math of the situation and the effects of deregulation etc. but I believe what is being hidden leans toward excessive fees, commissions and incompetent investment decisions. These investment firms have a fiduciary duty to us and I believe they failed with the government watching!
What was the outcome of the lawsuit to get information from CSPF that TDU was involved in?
If the IBT and CSPF have nothing to hide why is the information unavailable ?
I understand the math of the situation and the effects of deregulation etc. but I believe what is being hidden leans toward excessive fees, commissions and incompetent investment decisions. These investment firms have a fiduciary duty to us and I believe they failed with the government watching!
MUD, you know it does not and that is what brothers me the most, I could live with a 5 0r 10 per cent cut, but anything else will be a hard to swallow thing. This 30 is better than what they have been talking about with pbgf a 66% cut. I feel for you about the insurance, I had when I retired it was 50 bucks a month for both me and my wife. not they priced me out years ago and I paid 250 a month till be got on medicare. now it cost 500 for the both of us. Got to love it. GO BUCKS!!!!!!!!!!
do I detect a little sarcasm? Hey if are upset with the yes voters, just come on out and say it. :LMAO:
