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nospinzone said:Buster, you ask questions to which, I presume, you already know the answer. Since APWA was formed two years ago, they have no history to which your questions can be addressed. You can't overlook the lack of a track record. Past performance is always the best indicator of future performance. In this situation, you should approach this as if purchasing stock in an IPO. Ask Van and Danny the detailed questions. How are they going to manage the pension? How will health benefits change after retirement? A lot of this stuff is defined on the website, but as you point out, details need to be explained, which will require you to pick up the phone or speak with them at a meeting.
Looking at the past performance of the IBT is possible though. Pension performance--declining payouts and funded liability across the nation with a few exceptions. If you read the August, 2006 Independent Special Counsel report which describes Central States performance, a 10 year IRS extension and increased employer contributions are the only thing keeping CS from a statutory funding deficiency---for the near term. Health insurance--decreased coverage with increased premiums. Baptist Medical Center (Wake Forest Univ/Bowman Gray Medical College) in Winston-Salem, NC began refusing to accept the CS insurance a while back. Contract enforcement--increasing time to resolving grievances. Teamsters are responsible for servicing not only UPS contracts, but also the slew of other companies that distracts from the attention they could be giving you. I’ve pointed out the negative Teamster points. My bias and the bad taste they have put in my mouth preclude me from being positive about the Teamsters. These are indicators of most recent performance, not to discredit the good they did 10 and 20 years ago. Should you vote in the upcoming November elections based on how President Nixon or Ford performed or how the current administration is performing?
If there are specifics you would like to discuss here, point them out. Goals and clearly defined plans to achieve those goals are how challengers win government elections against incumbents every year. These goals and plans and how they allign with you and your co-workers priorities should be the benchmark you use to make your decisions.
No track record , No performance record, A rumor stating they can double my monies in retirement in comparison to the teamster's, No leverage, On these point's alone one could form a bias opinion.
Now again why should most vote for nothing but promises? And how can I believe my monies would be invested wisely by the APWA, and furthermore how do I know that eventually there will not be criminal's in the pention fund of the APWA splondering monies for thier benifit and not mine.
Say what you will but there is truth too the statement 1 co. 1 union. This promotes leverage, and fortunatly is better than what we currently have....
The benchmark you refer to can also be used in a democratic way in the teamster's as well. After all we have the power to change our elected officials if they stink.....
Furthermore all pentions are having trouble, the teamster's are certainly not unique too this problem as opposed to other's ( FDX ) for example . More and more companies are vearing away from the plan's to increase profit's. Eventually pention's will become dinosoar's, just a matter of time.....