Important News From IBT On Butch Lewis Act of 2017!

Discussion in 'YRC Freight' started by Freightmaster1, Nov 28, 2017.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    Hello Everyone,

    Attached is a packet that went out from IBT to all US Locals and Joint Councils.

    The packet includes:

    ~ Memo from General President Jim Hoffa
    ~ Pension legislation, summary, overview and FAQ
    ~ Letter from CSPF to All Locals
    ~ Letter from UPS to Sen. Brown & Rep. Neal

    PLEASE SHARE!

    Thank you,

    Gail


    IBT PACKET. To share, copy and paste to your Facebook page or an email.
    https://drive.google.com/file/d/1ajdmTI4mUK15DJ5BmjsbzWQfMI6-_tIg/view
    :1036316054:
     
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  2. marty dotson

    marty dotson New Member

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    Maybe there's hope for Central States after all.
     
  3. Wrench97

    Wrench97 Well-Known Member

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    Sounds like another scheme to me, if they could not successfully invest money in the past what makes anyone think they can in he future?
     
  4. dokman

    dokman Active Member

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    If I read it correctly the money borrowed would pay retirees at interest rate of 2.71 and paid back in 30 years. Amount in fund would be invested for 30 years and not touched.
    Might work.
     
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  5. clydesdale

    clydesdale Active Member

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    stock markets going though the roof and every bodies hiring. And our pension funds are not fixed yet? plus this sounds like more money to be taken out of our checks!
     
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  6. highheadblues

    highheadblues Well-Known Member

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    I hate to interject politics here but this is ultimately about politics and being this legislation has been proposed by 2 Democrats I’d say this proposal is pretty much DOA. Sounds like a good plan but not gonna happen
     
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  7. ROADY

    ROADY Well-Known Member

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    I totally agree with you, everything today is about politics and unfortunely we will be on the wrong end of the stick on this one. Poor working slobs like us always get the shi-ty end of the stick.:6788::fan:
     
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