The management at this company must really think you guys are fools. Fellas you lost your pension, your 401K is a joke, insurance has skyrocketed, and the part timers are taking a full timers overtime. How in the heck could you sit there and let that happen. Your company is literally picking your pockets in your present earnings years and in your golden years. Im going to throw this out here regarding those who think pensions are no good and believe a 401K is the way to go. With a pension you have a guaranteed payout based on your years of service say like $3,300.00 a month for 25 years service. A 401K is nice to have but they WERE NEVER DESIGNED TO BE A SOLE MEANS OF RETIREMENT. Your pension is for life and when you meet the good lord your wife then still receives your pension as a beneficiary. With a 401K you could outlive your earnings. Think about that for a moment.
A 401K is supposed to be a supplement to a pension and with that all the risk is on you. All of the fees and any gains those investments make are on you pending your retirement. After you deduct capital gains taxes along with administrative fees all I can say is Ramen Noodles for dinner in retirement. With a pension the employer sets aside the funding for your retirement. In any teamster company that means you pay zero dollars for the contributions that are made on your behalf. Your health insurance which should be translated as WEALTH INSURANCE in any teamster company is paid 100% by the company for you and the family. How much are you paying over there with Conways insurance plan and what are the deductibles? For you guys over 50 you need to think about this. We are getting older and the warranty is starting to wear out. When the warranty runs out thats when we get sick and thats when the big bills come into play. Your going to get a lot of people saying you should take personal responsibility (management drivel) for your health. Well last time I checked you cannot control heredity. And what is the leading cause of bankruptcy in the US? Medical bills. There goes your wealth right down the drain over a philosophy (personal responsibility) verses the real world of heredity.
All of these benefits the teamsters have are nationwide. There is no Northern tier or Southern tier its all the same for every brother and sister that is a member.