What good does all this O.T. do you when you are never home and when you die, they don't throw all that O.T. cash in the casket with you !! Hoffa & CSPF keeps it and has a big union convention out in Vegas with your O.T. money and your pension money paid in under your name that's NOT yours when you die !! B.S. ponzi scam pension fund !!
You are exactly right. Like a sheep being let to slaughter, when I was 27, in 1972, I eagerly joined the union, (Local 638) Mpls, first working furniture delivery on a 2 man truck for a small furniture store. Later, I was happy when All American Transport called me to come to work. 30 days later, I was on the list, with full benefits and full pay and a member of Local 120. None of the part-time, casual, 10%er, !5% give-back crap that people looking for a good job have to deal with nowadays. It was work 29 days, then either you were in or out on day #30, full pay, full benefits. We all stuck together. Being the low man on the totum pole, I really appreciated the senior guys making sure that I didn't get screwed either by the company or some A-hole with his nose up the TM's ass. If even one guy was on lay-off,......nobody signed up for OT. Back then they could only force OT on the last outbound crew (the clean-up crew) before the doors came down on all the outbound loads and the terminal shut down for the night, usually around midnite. I was young and dumb then, believing the Teamsters were a good thing to be believed when they promised "a secure pension and a comfortable income for you and your wife when you retire after 30 or so years. Nobody can take it away from you. The ERISA Law guarantees that." I believed it.
After 34.5 years of paying into the CSPF and never being laid off, always working for union companies,even after American folded in '88. Every Teamster company I ever worked for paid in their full share to CSPF. No "orphan companies", I retired in the fall of 2007.In my last few working years (and even after retirement) I got letters in the mail every year from (and signed by) Thomas Nyhan still saying my pension was secure because I retired before April 2008. The last letter I got with those lies was April 2014. One year later, I'm notified by the same POS that my pension would be cut by 50% in spite of the fact that every company I ever worked for contributed 100%. When I retired, I agreed that 15% of every monthly check ($510.00) be deducted for my wife of 52 years, to have a lifetime pension of $1450. should I die before her. Sounds great, right? As you know, that all changed in 2015. Promises broken. Billions of $$$ gone. Promised pensions to be cut by up to 70%. They even notified me that my wife's survivor benefits will be cut after my death.....Yet Hoffa, Hall, Nyhan and all their cronies will never lose a dime. Nyhan even gave himself a $32,000.00 raise in 2014 to $694,000.00 annually (plus generous percs) for doing such an excellent job of losing Billions of $$$$. ($2 billion in 2002 and another $10 billion in 2008). Excellent job! A poorly trained chimp could have done a better job and would have worked for bananas. Now Nyhan says that the Fund will most likely be bankrupt before 2026........AND HE STILL HAS HIS JOB! What is wrong with this picture? Nyhan, Hoffa and John Murphy were all on the board of NCCMP during 2014 planning the CSPF pension cuts EVEN BEFORE the Senate Democrats and Obama repealed ERISA in Dec 2014. How did they know? Was it because they already KNEW what the results of that $6.5 million of members' money that Lichtenwald used to bribe un-named Congressmen and Senators during 2014 would be? ERISA was abolished in Dec 2014 by Senate vote then signed into law by Obama the next day, opening the door for the cuts announced only 3 months later. The whole thing stinks. We, the members, have been played for suckers, supporting Hoffa, the Teamster leadership (right down to most, but not all, Locals), the CSPF, Nyhan and all the hundreds of cronies sucking the Pension Fund dry. You are 100% correct, Wrongway. I has been and still is a giant ponzi scheme, but the majority of the members still don't see it. Nobody goes to jail. Nobody is held accountable. Instead, they are either re-elected, re-appointed, given big raises in pay or simply go away with full multiple pensions and full benefits to live of life of luxury in "retirement". Now Hoffa gets 5 more years to fleece us even more........unbelievable !