carolinajohn
TB Lurker
- Credits
- 0
And how long have you paid in this money ? Did they take it out of your check ?
The Pension and Health & Welfare money didn`t come out of our checks,but it was part of every employee`s overall compensation package. I don`t think that most employees ever thought things would get this bad,and now there is serious concern,and justifiably so,about the pension money being there when they retire. If this money wasn`t put into the pension fund and was put into a 401K or into their paychecks,the employees would have control over it and they would know exactly what they have or don`t have. YRC will not put any money into the pension plans as they now exist , for a long time if ever. If YRC survives,I believe they may start some kind of matching 401K plan for the employees. What will happen to our pension plan as it exists now,I don`t think anyone knows. Most teamsters have an opinion of what should happen to the money in the pension funds and they all have a vested interest in it so their concerns are valid. This mess was created by our own government with all these free trade agreements that let all the manufacturing jobs leave our country such as NAFTA,and now we as American workers are paying the price. Greedy,self-serving politicians and overpaid CEOs are the cause of it all.