Congress Passed Pension Cuts

Discussion in 'Fedex Freight' started by citydog, Dec 14, 2014.

  1. citydog

    citydog Well-Known Member

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  2. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    And this has what to do with Fed ex Freight?
     
  3. smitty

    smitty Member

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    i think it is a sad thing the pensions are not protected. We all work to retire and this is happening everywhere. The Teamsters need revenue. the walls are clo
    More than you know...
     
  4. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    Please explain
     
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  5. Guardrail

    Guardrail Super Moderator Staff Member

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    One of the big selling points from the teamsters is a solid pension. As this article points out, a pension isn't as solid as believed.

    Guardrail
     
  6. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

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    This isnt necessarily just about the Fedex issue. Its political. Its about who gets power and who doesnt.
    Its about who gets a more stable life and who doesnt.
    Its about a system of either allowing corporations rule or the infividuals having a say.
    The pensions were made unstable because the corporate side has held more power a long time. They want it all. Defined benefit pensions are more stable in our system. Under their system our politicians voted instability for retirees and less regs for the banks who destroyed us. Their system now rules. More union numbers would cjange that.

     
  7. citydog

    citydog Well-Known Member

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    Ok say the last part of your post is saying the union needs the FedEx employees to join for there pensions to make it.
     
  8. UPS STONER

    UPS STONER Active Member

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    Get a contract like UPS. Their pensions is not funded by the central states...
     
  9. Purple Hammer

    Purple Hammer On Time Delivery

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    So
    So now you blame the government for the unions pension failures. These so called guaranteed pensions are no more than a pyramid scheme. The ones who got in early made out like bandits while the late comers pay the price. The union guarantees sure don't come through in the end. Of course you all want the government to bail you out again just like with GM and Chrysler. Don't see non-union companies getting bailouts. Probably because fewer lose money at the rate of unionized ones.
     
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  10. ESP

    ESP Well-Known Member

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    I was going to reply to Purple Hammer, but I think I will save my rant for someone who knows what he is talking about. Marry Christmas.
     
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  11. citydog

    citydog Well-Known Member

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    Seems it was a very intelligent response by Hammer, when you have nothing to argue with you just move on. ESP hope you have a Merry CHRISTmas also.
     
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  12. citydog

    citydog Well-Known Member

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    Do you even know why.
     
  13. Insane Trucker

    Insane Trucker Active Member

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    Teamsters took the 6 billion dollars ups paid to get out of the pension. I guess that wasn't enough. Why wouldn't you other teamsters want to step up to the plate and help out your "brothers" who are about to lose what they were promised ? You guys say we could have our own pension. What does that tell you about the teamsters? For me it says they don't give a sh** about these guys that are in trouble. 30 years from now when it's your turn to retire and the money is not there who is going to help you?
     
  14. SwampRatt

    SwampRatt Well-Known Member

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    Our pension is nothing like the multi-company funds... different animal entirely.
     
  15. SwampRatt

    SwampRatt Well-Known Member

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    1) If you follow closely, the government is helping Banking interest at the expense of Retirees, by allowing cuts to their benefit.

    2)You are also painting with a broad brush. Look at this Teamster pension fund, and tell me what you see. http://www.wctpension.org/
     
    Last edited: Dec 14, 2014
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  16. SwampRatt

    SwampRatt Well-Known Member

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    The truth is the Hammer should look at more than one pension fund. Some Teamster plans are quite well funded: http://www.wctpension.org/


    [​IMG]
     
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  17. citydog

    citydog Well-Known Member

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    The thing you need to look at that congress is going to try and cut all multi employer pension. They are not set up to be viable for the long term.
     
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  18. SwampRatt

    SwampRatt Well-Known Member

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    But citydog, the one I showed you seems to have growing reserves, and seems well funded. Some others, like UPSF, can be set up for long haul. It might even be over funded...
     
  19. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    Lmao thats why this thread has nothing to do with Fed Ex Freight and should be moved.
     
  20. citydog

    citydog Well-Known Member

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    Maybe you could get some cards signed then petition TBLB and have a vote if we have 50% +1 we could move this thread. If it fit your agenda you wouldn't be crying foul. :452:
     

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