ABF | Pension

Would you vote to opt out of CSPF

  • stay in my current plan!

    Votes: 19 32.2%
  • open for change!

    Votes: 40 67.8%

  • Total voters
    59
So you have great anger at these officials. Does it reason that the ones being punished are both ABF and its employees by increasing the contribution to levels that cannot be sustained in a competitive LTL market where non-union companies do not pay into the pension?
I'm sorry but I can't find one post that I made where I said I wanted ABF to pay higher contributions. Please quote the post that I made to increase contributions. If you had read any of my post you would not see anger you would have read that I have a lack of confidence in those that were paid very well to see that my pension was being cared for. Why do people always try to say someone is angry. If I disagree with you it is not anger it is a difference of opinion. And remember if ABF could not have afforded the pension payments they could have proven it to us and we could have gone from there. ABF has never agreed to anything that they could not afford. All I have posted is that vested Teamsters will be made whole or I can't see any talks of exiting CSPF going anywhere. We have lived up to our OBLIGATIONS. YOUR ABF PAID AHEAD BROTHER ALWAYS!
 
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Just because ABF wants relaxed obligations doesn't mean they will get them. They will get what is negotiated and VOTED on.
If we had good negotiators we might even come out better.
Unfortunately after seeing the language of the yrc give backs I don't think they have any 8th graders left on the negotiating team.
Because 8th graders would have done a much better job.
Exactly right. That is what I have been saying all along. Hence the TURNCOAT! meaning I don't want him anywhere near our talks. I wish I had a say in the talks. Fair would be the trigger word. If it was not fair for all it would never come to the table. It's not that hard. Maybe just maybe the IBT will have to consider what is best for the ABF Teamsters like they said they did for the yrc Teamsters. Even though they knew we would have to suffer in the pension funds for their saving yrc. Should it not be time for them to take care of us ABF Teamsters and do what is right for us. They did it for yrc and UPSF! YOUR LOOKING FOR EQUALITY BROTHER ALWAYS!
 
I'm sorry but I can't find one post that I made where I said I wanted ABF to pay higher contributions. Please quote the post that I made to increase contributions. If you had read

And remember if ABF could not have afforded the pension payments they could have proven it to us and we could have gone from there. ABF has never agreed to anything that they could not afford. All I have posted is that vested Teamsters will be made whole or I can't see any talks of exiting CSPF going anywhere. We have lived up to our OBLIGATIONS. YOUR ABF PAID AHEAD BROTHER ALWAYS!

Prove they could not afford what? Increased pension contributions! Just like YRC did? Did YRC in your opinion meet that criteria?

So from your post above, it appears you believe ABF is responsible for the pension obligations of individuals who never worked a day for ABF. It is an either/or question. The other proposition is as you state, fully vested Teamsters, such as myself will lose thousands of dollars in monthly retirement income.

It is do in large part of the dramatic failure of leadership in our Union. However, this financial mess (the pension and its shortfall) has been known and talked about for more than a decade and at least 3 NMFA. We, the Teamsters are also responsible for not acknowledging the 500 pound gorilla in our presence whom has recked havoc (pension obligations that have driven many unionized LTL companies bankrupt) in our house but only express outrage when it comes into the room we are currently living.
 
Prove they could not afford what? Increased pension contributions! Just like YRC did? Did YRC in your opinion meet that criteria?

So from your post above, it appears you believe ABF is responsible for the pension obligations of individuals who never worked a day for ABF. It is an either/or question. The other proposition is as you state, fully vested Teamsters, such as myself will lose thousands of dollars in monthly retirement income.

It is do in large part of the dramatic failure of leadership in our Union. However, this financial mess (the pension and its shortfall) has been known and talked about for more than a decade and at least 3 NMFA. We, the Teamsters are also responsible for not acknowledging the 500 pound gorilla in our presence whom has recked havoc (pension obligations that have driven many unionized LTL companies bankrupt) in our house but only express outrage when it comes into the room we are currently living.

I'm posting with my phone or I would add to your reputation and "like"] this post. Since I joined the Teamsters in 99 smart people have been saying the pension is in trouble.
 
So from your post above, it appears you believe ABF is responsible for the pension obligations of individuals who never worked a day for ABF. It is an either/or question. The other proposition is as you state, fully vested Teamsters, such as myself will lose thousands of dollars in monthly retirement income.

It is do in large part of the dramatic failure of leadership in our Union. However, this financial mess (the pension and its shortfall) has been known and talked about for more than a decade and at least 3 NMFA.

By law ABF is responsible for the pension obligations of individuals who never worked a day for ABF. YRC has the same problem and it's a huge problem. McReynolds said she would address it. But how she could work around it or skirt the orphans is the question
 
Prove they could not afford what? Increased pension contributions! Just like YRC did? Did YRC in your opinion meet that criteria?

So from your post above, it appears you believe ABF is responsible for the pension obligations of individuals who never worked a day for ABF. It is an either/or question. The other proposition is as you state, fully vested Teamsters, such as myself will lose thousands of dollars in monthly retirement income.

It is do in large part of the dramatic failure of leadership in our Union. However, this financial mess (the pension and its shortfall) has been known and talked about for more than a decade and at least 3 NMFA. We, the Teamsters are also responsible for not acknowledging the 500 pound gorilla in our presence whom has recked havoc (pension obligations that have driven many unionized LTL companies bankrupt) in our house but only express outrage when it comes into the room we are currently living.
Somewhere you have jumped the track. Let me spell it out so as not to have you misunderstand my position on the pension matter. First off you started by implying that I posted that ABF should pay a higher contribution. I then ask that you post my quote on that matter. You could not because I HAVE NEVER SAID THAT. Then you come back with your last post and it was even more off the wall. And if you had ever read even one of my post you would have seen that I am always saying yrc the company and the IBT have wronged ABF Teamsters in the market place and the pension funds. For you to even think other wise is beyond my comprehension. And as for waiting until it comes into our house. Well again you have Failed to read my post over THE YEARS! I have been calling for reform and major changes and the only way to do that is a new direction in the Teamsters leadership. I can't make you vote and I can't tell you how to vote.
But now you come on here and talk about the 500 pound GORILLA! Well sir let me tell you where I stand on this matter once and for all so you won't be so confused.

I am a 35 year Teamster. I have worked for less hourly wages so the company would make a monetary CONTRIBUTION into the CSPF on my behalf so that I would have a DEFINED PENSION when I retired. I have done this for 35 years.
In this time ABF and all the other trucking companies have had representatives on the board of this fund. They have used this fund to help struggling competitors out the door when they could not afford to contribute their negotiated rate. These same Trustees allowed UPS out of the fund and they also allowed yrc to miss payments and to defer out of the fund and then they allowed them to pay 25% of the 2009 rate.

They ABF and all the other employer members of the CSPF did this, not me and the thousands of other Teamster fund members. They allowed the investors to invest our retirements not us. They allow the $80,000,000.00 to $120,000,000.00 in administrative cost annually for each fund that's right it cost that much for them to run each fund.

You cry about paying the orphans that never worked for ABF how about the HUNDREDS OF MILLIONS WE PAY OUT TO THE NON TEAMSTERS THAT HAVE NEVER DRIVEN A TRUCK OR WORKED THE DOCK EACH YEAR?

How about the almost $400,000.00 we pay the guy that is appointed to head the fund. We take penalties and reductions and the ABF and IBT Trustees keep approving raises and benefit increases for these people.
And you talk about a 500 pound GORILLA!
Now for where I stand on the pension matter.
We the Teamster Rank and File have met all our OBLIGATIONS TO THE FUNDS we have went to work everyday and watched as our body's have grown old and injured from this work we do. We have jobs that by all accounts shorten our days on this planet. We risk our lives everyday in a highly dangerous job.
We are given the task to see that AMERICA stays supplied with the things to make and keep her the greatest nation in the world. And for doing this our lives are shortened and our bodies are riddled with life changing injuries.
And for this all we ask is that everyone else LIVE UP TO THEIR OBLIGATIONS!
I have never said ABF should pay a higher CONTRIBUTION RATE. What I am saying is if ABF wants out of the funds they will have to make sure that their Teamsters are protected and that all their years of service is accounted for NO MATTER WHAT WHEN RETIREMENT COMES!
ABF is not completely innocent in this CSPF MESS! But they are not the villains either.
You must understand that we have paid our way and I believe any discussion on a pension withdrawal has to encompass a GOLDEN PARACHUTE for the ABF TEAMSTERS INVOLVED! After all I'm sure our leaders have a GOLDEN PARACHUTE Claus in their contracts. On this matter we should agree. After all our ABF Teamsters are not ORPHANS. ABF Teamsters have to understand that any change in the contributions can and will trigger a catastrophic chain of events for the ABF Rank and File Teamsters.
Every decision has to be reviewed and determined as to not destroy those that have EARNED their pension and for those that will someday be looking to retire.
No I have never ask that ABF pay more. I have just always ask that ABF take care of those that have TAKEN CARE OF ABF!
If you still have a problem understanding where I stand just feel free to ask.
YOUR HOPING YOU NOW UNDERSTAND BROTHER ALWAYS!

WE ARE ABF!
 
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You know Muler even if ABF would offer some kind of program to the employee, there is no real solution. Let say everyone has the choice either to stay in the funds or leave. If ABF were to say if you have 10 years or more you could stay in the fund and be made whole. If you stay ABF would pay your full contribution rate, let's say 30 and out. If you leave they would take what you have vested in the fund and put into a 401k where you would not loose. For every employee that leaves, the fund could keep as a withdrawal penalty what was paid in for them. This would allow ABF out of the funds once everyone is paid and made whole and the funds would have the withdrawal penalty for the ones who leave. Now if you don't make 30 the funds could keep the difference paid in years. The problem would be once ABF is out of the funds would the guys who stayed get the pension they earned since the funds are so underfunded.
 
You know Muler even if ABF would offer some kind of program to the employee, there is no real solution. Let say everyone has the choice either to stay in the funds or leave. If ABF were to say if you have 10 years or more you could stay in the fund and be made whole. If you stay ABF would pay your full contribution rate, let's say 30 and out. If you leave they would take what you have vested in the fund and put into a 401k where you would not loose. For every employee that leaves, the fund could keep as a withdrawal penalty what was paid in for them. This would allow ABF out of the funds once everyone is paid and made whole and the funds would have the withdrawal penalty for the ones who leave. Now if you don't make 30 the funds could keep the difference paid in years. The problem would be once ABF is out of the funds would the guys who stayed get the pension they earned since the funds are so underfunded.
The UPS fund had agreements that UPS paid all the retired UPS Teamsters that retired before age 65 and when they reach the age of 65 CSPF pays them. And if the CSPF failed UPS would pay the difference between the pension from the government and their full pension. So the UPS Teamsters would not lose anything and it gives relief to CSPF!. There are many different avenues that can be taken and the outcome for all would be acceptable. It is just a fact that there are those that want to get even richer from our suffering. Fair is Fair that is all I am asking for. I am not asking for anything for free. JUST WHAT I HAVE EARNED! YOUR PAID IN FULL BROTHER ALWAYS!
 
Somewhere you have jumped the track. Let me spell it out so as not to have you misunderstand my position on the pension matter. First off you started by implying that I posted that ABF should pay a higher contribution. I then ask that you post my quote on that matter. You could not because I HAVE NEVER SAID THAT. Then you come back with your last post and it was even more off the wall. And if you had ever read even one of my post you would have seen that I am always saying yrc the company and the IBT have wronged ABF Teamsters in the market place and the pension funds. For you to even think other wise is beyond my comprehension. And as for waiting until it comes into our house. Well again you have Failed to read my post over THE YEARS! I have been calling for reform and major changes and the only way to do that is a new direction in the Teamsters leadership. I can't make you vote and I can't tell you how to vote.
But now you come on here and talk about the 500 pound GORILLA! Well sir let me tell you where I stand on this matter once and for all so you won't be so confused.

I am a 35 year Teamster. I have worked for less hourly wages so the company would make a monetary CONTRIBUTION into the CSPF on my behalf so that I would have a DEFINED PENSION when I retired. I have done this for 35 years.
In this time ABF and all the other trucking companies have had representatives on the board of this fund. They have used this fund to help struggling competitors out the door when they could not afford to contribute their negotiated rate. These same Trustees allowed UPS out of the fund and they also allowed yrc to miss payments and to defer out of the fund and then they allowed them to pay 25% of the 2009 rate.

They ABF and all the other employer members of the CSPF did this, not me and the thousands of other Teamster fund members. They allowed the investors to invest our retirements not us. They allow the $80,000,000.00 to $120,000,000.00 in administrative cost annually for each fund that's right it cost that much for them to run each fund.

You cry about paying the orphans that never worked for ABF how about the HUNDREDS OF MILLIONS WE PAY OUT TO THE NON TEAMSTERS THAT HAVE NEVER DRIVEN A TRUCK OR WORKED THE DOCK EACH YEAR?

How about the almost $400,000.00 we pay the guy that is appointed to head the fund. We take penalties and reductions and the ABF and IBT Trustees keep approving raises and benefit increases for these people.
And you talk about a 500 pound GORILLA!
Now for where I stand on the pension matter.
We the Teamster Rank and File have met all our OBLIGATIONS TO THE FUNDS we have went to work everyday and watched as our body's have grown old and injured from this work we do. We have jobs that by all accounts shorten our days on this planet. We risk our lives everyday in a highly dangerous job.
We are given the task to see that AMERICA stays supplied with the things to make and keep her the greatest nation in the world. And for doing this our lives are shortened and our bodies are riddled with life changing injuries.
And for this all we ask is that everyone else LIVE UP TO THEIR OBLIGATIONS!
I have never said ABF should pay a higher CONTRIBUTION RATE. What I am saying is if ABF wants out of the funds they will have to make sure that their Teamsters are protected and that all their years of service is accounted for NO MATTER WHAT WHEN RETIREMENT COMES!
ABF is not completely innocent in this CSPF MESS! But they are not the villains either.
You must understand that we have paid our way and I believe any discussion on a pension withdrawal has to encompass a GOLDEN PARACHUTE for the ABF TEAMSTERS INVOLVED! After all I'm sure our leaders have a GOLDEN PARACHUTE Claus in their contracts. On this matter we should agree. After all our ABF Teamsters are not ORPHANS. ABF Teamsters have to understand that any change in the contributions can and will trigger a catastrophic chain of events for the ABF Rank and File Teamsters.
Every decision has to be reviewed and determined as to not destroy those that have EARNED their pension and for those that will someday be looking to retire.
No I have never ask that ABF pay more. I have just always ask that ABF take care of those that have TAKEN CARE OF ABF!
If you still have a problem understanding where I stand just feel free to ask.
YOUR HOPING YOU NOW UNDERSTAND BROTHER ALWAYS!

WE ARE ABF!
Seems to me you guys are saying the same thing. Maybe I am missing something.
I know the pensions are in trouble AND THERE WAS PLENTY OF WARNING.
The well paid representatives that were supposed to be looking out for our welfare failed to recognize it or they just didn't try hard enough to warn us.
I think part of it was that they were responsible in part for the financial mess(bad investments) and kept hoping it would get better by magic.
Or maybe they were still used to the good old days where the money earned interest in some maybe not so legal ways.

Ok so that was a joke, I know there is no such thing as the mafia and they never lent money to anyone who might have used it to fund casinos and such.
Just a joke okay?
 
If a lowly little truck driver like myself can average over 12 percent a year on his investments over the last 20 years, then you think that people with college educations could do the same thing. Maybe it is time to get new people to watch our money. I don't know what the answer is but we can't let it keep going the way it is going now.
 
Now before you all get mad. Let me say I have no problem with Mr. Kemp getting his. But why are they still coming after mine. So when you all start worrying about our futures it should be comforting to know that at least our leaders will be taken care of. I feel better already. That old saying about our intellengence may not have been far OFF! YOUR FOOTING THE BILL BROTHER ALWAYS!

(2) Credited Service for Mr. Kemp for the Pension Plan and DSA is through his December 31, 2011 retirement date (at age 65),
and there will be no further benefit accruals for him after this date. Mr. Kemp’s participation in the SBP was frozen effective
December 31, 2009 as reflected in the Number of Years of Credited Service column above. The amounts in column (d)
represent the balance of the benefits yet to be paid under the plans. Mr. Kemp may elect a lump sum from the Company’s
Pension Plan in the amount of $1,197,805 or he can choose one of the several annuity payment options available under the
plan. Mr. Kemp’s Pension Plan benefit includes $24,600 in after-tax employee contributions made prior to 1988. He
received a lump sum from the SBP of $2,525,640, as reported in column (e), on December 31, 2011 and will receive his
remaining benefit in the amount of $1,125,686 in 2012. Mr. Kemp’s DSA benefit will be paid over 120 months commencing
in January 2012. The annual value of Mr. Kemp’s DSA is $144,200 payable in monthly installments for a period of ten
years. Benefits accrued under the SBP and DSA after December 31, 2004 will be delayed six months as required by Section
409A of the IRC

http://www.google.com/url?sa=t&rct=...sg=AFQjCNET_dfeX8UxvSS5UoxB8uIrhORFnA&cad=rja
 
MERRY CHRISTMAS!

(i) Perquisite values for Ms. McReynolds and Messrs. Kemp and Slagle include expenses for spousal travel to Company
or industry events and any related Company lost tax deduction resulting from the spouse accompanying the Named
Executive Officer on a Company airplane. In addition, Mr. Kemp’s perquisite value also includes a retirement gift and
travel for purposes not related to vacation or recreational activities. Mr. Slagle’s perquisite value includes travel club
fees. Ms. McReynolds perquisite value includes a Christmas gift from the Company (the Company also provides a
Christmas gift to each of the other Board members). In general, the Company’s executive officers are not allowed to
use corporate aircraft for personal trips. When appropriate for business purposes, executive officers’ spouses are
permitted to accompany them on trips. Executive officers are also permitted to invite their spouse or other personal
guests to occasionally accompany them on business trips when space is available. When the spouse’s or guest’s travel
does not meet the IRS standard for “business use,” the cost of that travel, determined under the IRS Standard Industrial
Fare Level, is imputed as income to the executive officer, and if the spouse’s travel was related to a business purpose,
the Company will reimburse the executive officer for the associated income tax resulting from the imputed income.

MY ABF FREQUENT FLYER MILES ARE AT ZERO!
 
Isn't it the federal government that forces us to use Wall St and pay all those outragious fees for our investments?
 
Wasn't it a part of the consent decree?
We have Federal over sight but we still have the controls as long as they are legal. That was one of the great promises of lil hoffa to do what ever to get rid of the Federal overseers. But again he has failed.
 
Tyson is a joke, as a matter of fact the Teamster union as a whole is a joke. They only have one more freight line to destroy and they will have that completed as soon as the contract negotiations are finalized. ABF will be expected to carry the full weight of the failing pension taking care of thousands of ex Teamsters that never even worked for ABF and at the same time ensuring its own employees will be around 80 years old before retirement would be possible. WAKE UP ABF EMPLOYEES, don't let the teamsters destroy your employer. The teamsters is run by good ole boys most of them have no more than a high school education especially at the local union level. I once was a proud member of the Teamsters union but although I am still a member I am ashamed of them now with their "brotha in law" "mob" mentality. ABF needs out of the so called multi employer pension or they are going to go out of business plain and simple. They cannot afford to pay for these ex-teamsters retirements and stay in business period! The funny thing is that 99% of you lazy ass Teamsters would not make it in the real world working at a non union freight line, you simply don't have the work ethics to do so so why wouldn't you want to help the company out and demand that the union ease up on ABFs pension obligations?
 
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