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scooter_trasher

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Has anyone heard from Central States as to weather we will be notified, of upcoming changes to our status in the fund, before the vote?
The funds are being asked to absorb the bulk of the burden of this concession extension.

In effect
will they even allow us back into the fund
will this trigger a default schedule
what( if any) benefit class changes will we incur
Future accruals
Elimination of adjustables
Retroactive hits on retirees
Are our (YRCW retirees) going to be singled out, while we continue to, cover the "orphans", the fund tried to push over to the PBGC
all of these Brothers met their responsibility to this Brotherhood and Our Funds,
maybe I'm wrong, but I haven't heard anyone voice concern for them, these are not only are Brothers, they are our Mothers & Fathers, Uncles, Aunts, cousins, they for many of us were the very people we went to when we needed a job, they are our responsibility to look after, they do not get a voice in this matter.
 
If we vote yes and the contributions are resumed , the fund will get 1/4 of what it did from YRC for the next 5 years. If we vote no , the fund will get nothing from YRC for the next 5 years. Your call.
 
They are not proposing to pay in 25% to the pension. This is a lie. 1.75 per hr. is approx. 22% and with the 1.00 per hr. increases built into the NMFA the percentage will go down into the teens by 2015. The funds will not treat this as though the company is paying 25%. Nice of the union to lie to us yet again.
 
alpha1 said:
They are not proposing to pay in 25% to the pension. This is a lie. 1.75 per hr. is approx. 22% and with the 1.00 per hr. increases built into the NMFA the percentage will go down into the teens by 2015. The funds will not treat this as though the company is paying 25%. Nice of the union to lie to us yet again.
Click to expand...

Where did you see the figure of $1.75 a hour at ?
 
They are using the 2008 pension rate which was approx. 7.00 per hr. The 2009 increase occurred in 8/2009 per the NFMA. That is why they use the 7/2009 date in the MOU so they only have to contribute at the 2008 rate and not the current rate of approx. 8.00 per hr. If we are locked in at 1.75 per hr. until 2015 the percentage the company puts into the pension starts at 22% and goes down every year because of the increases built into the NMFA.
 
The larger issue as was pointed out to me earlier today, is the $12.xx rate at which they are reenter the funds at in 2015, sounds more like the same old best contract ever which both sides knew the company could never pay those rates for the last 2 years of the contract at the time it was written.
In 2015 the H&W and Pension payments will be more then the starting rate at FedEx, think about it.

The Question comes down to are you better off looking for your next job while still employed, or while unemployed?
A yes vote buys time to find the best job out there, a no vote makes you compete with more brothers at the same time for the limited amount of openings.
 
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