Insurance

Discussion in 'XPO Logistics' started by anosyone, Oct 12, 2017.

  1. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    100% of all posts on this site are complete :horseshit: . It's just a CB radio for the weekend. A way to interact with the others like you out there in the world. It is funny how some people feel it is so much more important that you believe them than others do.
     
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  2. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    The company KNOWS this ? So what exactly is the participation rate in the 401K at XPO ? If you have this information why didn't you lead with that ?
     
  3. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    First, good to see you back. Glad you aren't dead or anything. Everyone needs a break from this garbage every now and then. But you kinda dropped off right in the middle of some stuff. Looked bad. I hope you are well.

    That said, and with all due respect, everything you say and think is wrong. A union is only as strong as it's rank and file. Weak membership makes for a weak union. A union is a direct reflection of it's members.
     
  4. sucker666

    sucker666 Well-Known Member

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    I do not know that info but I’m sure it’s not far from the National average +\- unless you have reason or knowledge that’s different.
     
  5. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    What makes you so sure of that ? Given our wages and the average age of our work force, wouldn't you consider the opposite more likely ?
     
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  6. radman

    radman moving and grooving

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    Because I lost my pension. Because you never had a pension and you hired on here knowing there was no pension offered. Why should you get your 5% matched but my 5% is not?
     
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  7. sucker666

    sucker666 Well-Known Member

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    It’s very possible that the majority of our legacy employees are of the age that they probably participate ( more than likely) are age group thinks of retirement. The newer ( younger) hires are more likely ( not all) to be concerned about their take home pay than retirement. That probably true though out most industry not Xpo alone as the government and private group statistics have shown. I see no reason to think ours is a stand out from the rest of the us work force . It has already been proven that this is the leading reason 401k based only retirement strategies are not as effective in allowing people to retire effectively.
     
  8. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    This is from the Teamster web site: https://teamster.org/organizing-victories/what-expect-management

    Management: “If you form a union, you risk losing the benefits and pay raises you already have.”
    Fact: It is illegal for a company to freeze or cut previously scheduled raises to discourage you from forming a union. Once you’re organized, you’ll lock in our current wages and benefits and then negotiate improvements from there. All of you will get an opportunity to review your proposed contract before you vote to approve it. Obviously, you’re not going to approve a contract that cuts our wages or benefits.

    Since yearly raises are not a guaranteed or scheduled then if we get a raise next year XPO does not have to give it to the barns that voted in the union. On the flip side XPO can not take anything away then have when the union was voted in
     
  9. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    The last I heard you didn't lose your pension. The company stop putting money into it for you and just froze it. You will still get something when you retire, or you hope to. That's the problem with pensions it's never your money it just number on a piece of paper the company says they will pay you. The best part about you 401k deal is you don't have to put ANY of you money into to get something out of it. If I was you I would take my money somewhere else and invest it. A lot more opinion out there in the open market.
     
  10. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Lost the pension in the sense that they were promised $3000 a month for 30 years and will now be getting the minimum distribution mandated by law.
     
  11. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    That's why I said this:
    That's the problem with pensions it's never your money it just number on a piece of paper the company says they will pay you.

    As we all see union and non-union companies that number can be changed very easily
     
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  12. radman

    radman moving and grooving

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    Why do you deserve for your 5% to be matched but I do not deserve for my 5% to be matched?
     
  13. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Not to answer for him, but to speak for myself. I was hired after the pension was gone. So I have gotten 3% the whole time and will get 4% at 10 years and 5% at 20 years. It will take me some time to see 5%.
     
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  14. Serene Gene

    Serene Gene Well-Known Member

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    You do get it. If you put in 5 percent, you get 4 percent from the company. If someone in the PSP puts in 5 percent, they get 4 percent from the company.

    It's. The. Same. Contribution.
     
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  15. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    now if you think about it your 5% is matched. If you put in 5% the company gives you 4% and 5% after 20yrs. The difference between you and anyone hired after 2010 is you get that match money even if you don't put a dime in were we don't. If you ever stop beating this dead horse you would see you have the better deal.
     
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  16. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    I don't think he will get it. He is getting the better deal here he's just to stubborn to see it
     
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  17. radman

    radman moving and grooving

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    You won't answer the question. Why do you deserve to get your contributions matched but I do not? Just admit that the company is doing the right thing by you by matching your 5% and they are giving me and everyone hired before 2010 the middle finger.
     
  18. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    I was pissed when I read this during the meeting. Why don't I get brought up to 4% now too ?

    Also, did anyone notice the changes to the life insurance ? No more x 4 if you die on the job ? And down from x 2 to x 1.5 as a standard pay out ?
     
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  19. radman

    radman moving and grooving

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    What XPO is doing would be like offering higher pay or more vaction time to new hires than the rest of us.
     
  20. whip1

    whip1 Active Member

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    I'd be willing to bet your info is speculation and wrong. In my barn, I haven't spoken to a single driver that doesn't contribute at least 5%.

    If spinning this into a negative thing helps you, I'll tell you it sucks that the company is giving us more. Happy?
     

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