1. Try The Zello app for your phone and join the Truckingboards channel to talk live in real time .... It's Free get it for Apple or Android.. It's like a phone CB Radio... You can lurk or talk , your choiuce just don't mess with your phone while driving. Zello features: • Real-time streaming, high quality voice • Contacts availability and text status • Public and private channels for up to 2500 users • Option to map hardware PTT (Push To Talk) button • Bluetooth headset support (selected phones) * Android Wear support • Voice history • Call alert • Images • Push notifications • Works over WiFi, 2G, 3G, or 4G mobile data

Dissolve and disperse central states pension fund now !

Discussion in 'Central States Pension Fund Discussion' started by I got nothing, May 31, 2016.

Do you want what's yours from Central States ?

  1. Yes

    38 vote(s)
    84.4%
  2. No

    7 vote(s)
    15.6%
  1. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    Union companies have not exactly been flourishing. There aren't many young workers who would get little in a split so you could get a million dollars. Assuming CSPF unrealistic mortality tables and rates of returns the pension fund is fully funded at $36,000,000,000 dollars. Divided by 400,000 teamsters with a stake and you would only get $90,000. 360,000/4 = $90,000. If CSPF had to use single employer pension funds assumed rate of return of 4% the pension fund would need $144,000,000,000 to be fully funded. $360,000 a piece. The Ponzi scheme worked when the 50 biggest carriers were still in business. Now there is one ABF, with YRC limping along. Crooked Wall Street didn't steal the pension fund the need to make 8% a year, every year, killed the pension fund.
     
  2. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    SEABREEZE, would you support legislation that would allow pension funds to claw back benefits from retirees whos employer didn't pay their withdraw penalties when they went bankrupt. I bet the current members that you poked in the eye do. Hopefully SEA I can buy your sea side property when CSPF takes it for over payment of pension benefits..
     
  3. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    One more thing before I get banned again, is anyone else tired of reading about 63 year old retirees complaining that they can't make their $1,500 dollar a month mortgage payment? GEEZ learn some fiscal responsibility!!!!!!
     
  4. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    One more question SEA and I promise I won't post again ever. First, SEA I am assuming you and your millionaire friend were not hard workers because collectively four union companies went bankrupt while you worked there. Also how many company GOONS did you put in the hospital? If you didn't put any company GOONS in the hospital, then what did you do for this generation of Teamsters?
     
  5. COOPER

    COOPER Active Member

    Messages:
    116
    Likes Received:
    116
    Trophy Points:
    43
    Yup.....I'll agree with that
     
  6. mud

    mud Wonderin'

    Messages:
    7,750
    Likes Received:
    4,643
    Trophy Points:
    113
    Just out of curiosity, where have you read this?
     
  7. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    google, the Washington post Cleveland ironworker, 27 January article, I think someone posted it on another thread. If I was a betting man I'd say he owns a screaming eagle Harley, a ranger bass boat with a 300 HP Yamaha hanging on the back of it, with a king ranch F250 to pull it. And he kept on refinancing his house with cheap Obama money because he thought the good times would never end. I'll put him on the list with Papa John, Docker/ no union fool, of people I'm going to buy their :shit: when the bank repo's it.
     
  8. ESP

    ESP Well-Known Member

    Messages:
    2,460
    Likes Received:
    2,195
    Trophy Points:
    113
    Bubba, post # 624, You said you would not post again, EVER!!!!!!!!!!!!!. :17::2437::lmao::biglaugh::hysterical::hilarious: what happened ?:scratchhead:
     
    Apostolic and mud like this.
  9. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

    Messages:
    938
    Likes Received:
    1,107
    Trophy Points:
    93
    Bubba G, To argue with anyone who thinks they don't owe the Teamsters for the gains in trucking today,makes much
    sense as peeing in the bed wide awake.
    Climb back on your soap box and find someone willing to argue with you.
     
  10. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    What's up Cool "breeze". I think you have mercury poisoning from your sea food diet, it is obviously interfering with your mental faculties. Going to work isn't doing something for future generations that they should "enjoy what you did for them". You should thank current members because they are paying in $17,000 a year into the pension fund, that they might not even get PBGC guarantee. Think about that at your next Retiree Fish Fry.
     
  11. SuperCourse

    SuperCourse Got twang?

    Messages:
    8,175
    Likes Received:
    6,350
    Trophy Points:
    113
    My house is paid for, but I don't own it, the school district owns it and I get to rent it from them for $500 a month in property taxes.
     
    Apostolic, ESP, COOPER and 1 other person like this.
  12. ESP

    ESP Well-Known Member

    Messages:
    2,460
    Likes Received:
    2,195
    Trophy Points:
    113
    $500 a month in property taxes? Dang and I _itch when I have to pay $1200 per half year.
     
  13. mud

    mud Wonderin'

    Messages:
    7,750
    Likes Received:
    4,643
    Trophy Points:
    113
    In the nineteen seventies I owned a home in Taylor Michigan, and was paying about $2000.00 a year in property taxes. Lived there by myself, no kids in school. Next door they had four kids in public school. I also figured my property taxes were helping my neighbors kids.
     
    ESP likes this.
  14. ESP

    ESP Well-Known Member

    Messages:
    2,460
    Likes Received:
    2,195
    Trophy Points:
    113
    Yes, MUD, you are right. Everyone pays school tax somehow even if they do not own property. You rent then it is part of the landlords taxes and you pay him or her rent. Some places have income tax plus property tax and the school is on the income tax. Everybody will pay school tax then, however some pension income and Social Security is exempt. But not all of it. If you want to live under a bridge, you might get away from it. I do believe in paying my fair share, but the schools do not have to look like Universities. Here I go, off the slippery slope...........it is just like giving up 15 percent of wages to help the others work longer or paying for 30 years into the pension so others can get a retirement, now I draw while those who are working help pay into the fund. :hide:
     
    mud likes this.
  15. Apostolic

    Apostolic Super Moderator Staff Member

    Messages:
    23,350
    Likes Received:
    2,109
    Trophy Points:
    113
    I just paid off my farm last September,the first of the year my town & home owners insurance knew who to send the bills to.

    So I like the rest of you I'm renting from New York State who owns everything,Also paying for insurance.
    Although my house & barn are only 30 feet apart,so if one burns I can kiss them both bye bye.
    Hope it never happens,but if it does the insurance is double what they are both worth.

    Also back to working at bankrupt LTL's,I was full time & part-time with 15 which have all closed their doors.
    Not because I worked for them,the main reason stated was poor management.

    My wife & I have cut back on our eating out,along with other spending to pay off credit card debt,getting prepared for my 31% pension reduction.
    So by July we won't have the creditors hounding us.

    Best advice I ever received from a non-union boss when asking for a raise in my youth, was to learn to live within my means.
    Yes very good advice,though I quit,& got a union trucking job,the rest is history.
     
  16. ESP

    ESP Well-Known Member

    Messages:
    2,460
    Likes Received:
    2,195
    Trophy Points:
    113
    MY guess is you are or were living within your means as most of us. When you retire you think you will get so much a month from many sources, pension, ss, ira and so on. You planned and saved for the retirement as we all did. Then Central States, for many reasons just like other union pension funds are losing money. Now when the cuts start you will no longer be living within your means. However you will survive and learn to do with less. BUT WHY IN THE HELL ARE WE SUPPOSED TO DO THAT ????????? You can bet your sweet arse that Hoffa will not take a cut. Good Luck my Friend.
     
    Apostolic likes this.
  17. I got nothing

    I got nothing Member

    Messages:
    33
    Likes Received:
    21
    Trophy Points:
    8
    After further review, pay it out to the retirees.
    Then on the bright side, for those of us that have 30 plus in, but not even close on the age, the sooner the pension runs out the better.
    At least then we should get the contribution into our 401k, like the western states has been doing since the MOU went into effect, if YRC doesn't fold before the pension runs out.
    It just keeps getting better.
    Like our old T. M.( K. A.) told us IT IS WHAT IT IS, IF YOU DONT LIKE IT QUIT
     
  18. Bubba Gump

    Bubba Gump Active Member

    Messages:
    192
    Likes Received:
    30
    Trophy Points:
    28
    WRONG ANSWER HOME BOY!!!!! your pension contributions will always go to pension fund, unless your company can pay the withdraw penalty. If they could afford it they would have already left the sinking ship.
     
  19. mud

    mud Wonderin'

    Messages:
    7,750
    Likes Received:
    4,643
    Trophy Points:
    113
    The Western Teamsters Pension Fund will not accept a partial payment. Yrc's partial pension payments go into the member's 401 account.
     
  20. SuperCourse

    SuperCourse Got twang?

    Messages:
    8,175
    Likes Received:
    6,350
    Trophy Points:
    113
    They're lucky.
     
    SAC75 likes this.

Share This Page